Nano Nuclear Energy (NASDAQ:NNE) Trading 7.1% Higher – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares traded up 7.1% during trading on Wednesday . The stock traded as high as $35.77 and last traded at $34.47. 5,132,095 shares changed hands during trading, an increase of 3% from the average session volume of 5,004,004 shares. The stock had previously closed at $32.18.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Benchmark increased their price objective 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 reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Price Performance

The stock has a 50-day simple moving average of $26.50 and a 200-day simple moving average of $19.30.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently modified their holdings of NNE. JPMorgan Chase & Co. acquired a new stake in Nano Nuclear Energy in the 3rd quarter worth $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy during the third quarter worth about $76,000. Fulton Bank N.A. acquired a new stake in Nano Nuclear Energy during the 4th quarter valued at $213,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth approximately $227,000. Finally, SG Americas Securities LLC bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $345,000.

About Nano Nuclear Energy

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.