Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) traded up 7.8% during mid-day trading on Wednesday . The stock traded as high as $36.87 and last traded at $36.91. 1,429,098 shares were traded during trading, a decline of 63% from the average session volume of 3,847,858 shares. The stock had previously closed at $34.25.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. HC Wainwright reissued a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Monday, March 31st. Northland Securities assumed coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They set an "outperform" rating and a $40.00 price target for the company. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, LADENBURG THALM/SH SH initiated coverage on Nano Nuclear Energy in a report on Thursday, July 10th. They issued a "buy" rating and a $51.00 price target on the stock. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $51.75.
Read Our Latest Analysis on NNE
Nano Nuclear Energy Price Performance
The firm's 50-day moving average price is $33.67 and its 200 day moving average price is $29.83. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -45.99 and a beta of 7.29.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.46). On average, analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Institutional Trading of Nano Nuclear Energy
Several large investors have recently modified their holdings of NNE. North Capital Inc. acquired a new stake in Nano Nuclear Energy during the first quarter worth approximately $26,000. Marshall Investment Management LLC acquired a new stake in Nano Nuclear Energy during the first quarter worth approximately $27,000. Ameriflex Group Inc. acquired a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $29,000. Aster Capital Management DIFC Ltd acquired a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $30,000. Finally, KBC Group NV acquired a new stake in Nano Nuclear Energy during the first quarter worth approximately $31,000.
About Nano Nuclear Energy
(
Get Free Report)
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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