Nano Nuclear Energy (NASDAQ:NNE) Shares Up 1.2% – Time to Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) shot up 1.2% during trading on Thursday . The company traded as high as $31.99 and last traded at $31.63. 541,984 shares traded hands during trading, a decline of 86% from the average session volume of 3,813,576 shares. The stock had previously closed at $31.26.

Wall Street Analyst Weigh In

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

Nano Nuclear Energy Stock Down 2.7 %

The company has a market capitalization of $1.13 billion and a P/E ratio of -73.84. The company has a 50 day simple moving average of $30.79 and a two-hundred day simple moving average of $24.16.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. As a group, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $25,000. Ameriflex Group Inc. purchased a new position in Nano Nuclear Energy during the fourth quarter valued at $29,000. New York State Common Retirement Fund purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $30,000. Finally, IFP Advisors Inc lifted its stake in Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after buying an additional 1,277 shares in the last quarter.

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.