Nano Nuclear Energy (NASDAQ:NNE) Shares Down 0.8% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded down 0.8% during trading on Thursday . The stock traded as low as $22.39 and last traded at $22.66. 1,560,406 shares changed hands during trading, a decline of 65% from the average session volume of 4,436,015 shares. The stock had previously closed at $22.85.

Analysts Set New Price Targets

Several analysts have weighed in on NNE shares. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Stock Up 3.4 %

The business has a fifty day moving average price of $25.44 and a 200-day moving average price of $19.03.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in shares of Nano Nuclear Energy in the third quarter worth $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy in the 3rd quarter worth $76,000. Fulton Bank N.A. purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at about $213,000. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy during the second quarter valued at about $250,000. Finally, XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth about $305,000.

Nano Nuclear Energy Company Profile

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.