Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $27.53, but opened at $29.51. Nano Nuclear Energy shares last traded at $28.27, with a volume of 525,794 shares changing hands.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Stock Up 1.9 %

The business’s 50 day moving average price is $30.68 and its 200-day moving average price is $23.51. The company has a market cap of $1.05 billion and a PE ratio of -69.07.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. Equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Citizens Financial Group Inc. RI raised its stake in shares of Nano Nuclear Energy by 747.7% in the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. State Street Corp acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $718,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $305,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the third quarter worth $76,000. Finally, Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $954,000.

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.