Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded up 5.3% on Tuesday . The company traded as high as $38.75 and last traded at $37.47. 1,751,854 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 3,930,041 shares. The stock had previously closed at $35.59.
Analyst Ratings Changes
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
Check Out Our Latest Stock Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
The business's fifty day simple moving average is $28.69 and its 200 day simple moving average is $28.49. The stock has a market cap of $1.43 billion and a price-to-earnings ratio of -38.02.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). As a group, analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
A number of hedge funds have recently made changes to their positions in NNE. Vanguard Group Inc. boosted its stake in Nano Nuclear Energy by 44.4% during the 1st quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after acquiring an additional 304,405 shares during the last quarter. Citizens Financial Group Inc. RI grew its stake in Nano Nuclear Energy by 23.5% in the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company's stock worth $22,406,000 after purchasing an additional 171,000 shares in the last quarter. Anson Funds Management LP bought a new stake in Nano Nuclear Energy in the fourth quarter valued at about $20,746,000. Hudson Bay Capital Management LP acquired a new stake in Nano Nuclear Energy during the fourth quarter valued at approximately $19,642,000. Finally, Nuveen Asset Management LLC acquired a new stake in Nano Nuclear Energy during the fourth quarter valued at approximately $4,544,000.
Nano Nuclear Energy Company Profile
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NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.
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