Nano Nuclear Energy Inc. (NASDAQ:NNE - Get Free Report) saw unusually large options trading on Friday. Investors purchased 51,678 call options on the company. This is an increase of 327% compared to the average volume of 12,107 call options.
Hedge Funds Weigh In On Nano Nuclear Energy
Hedge funds have recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in Nano Nuclear Energy during the 1st quarter valued at about $26,000. Marshall Investment Management LLC acquired a new position in Nano Nuclear Energy in the first quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $29,000. KBC Group NV acquired a new stake in Nano Nuclear Energy during the 1st quarter worth $31,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $30,000.
Wall Street Analyst Weigh In
Separately, HC Wainwright reissued a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Monday, March 31st.
Get Our Latest Research Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Down 9.7%
NNE traded down $3.39 during midday trading on Wednesday, reaching $31.50. 5,954,052 shares of the company's stock were exchanged, compared to its average volume of 3,731,158. Nano Nuclear Energy has a one year low of $4.58 and a one year high of $48.05. The business has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $27.37. The firm has a market capitalization of $1.18 billion and a price-to-earnings ratio of -77.21.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). As a group, research analysts anticipate that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.
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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