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

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down before the market opened on Thursday . The stock had previously closed at $29.33, but opened at $28.20. Nano Nuclear Energy shares last traded at $28.55, with a volume of 277,476 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.

Nano Nuclear Energy Stock Performance

The company has a market cap of $992.44 million and a price-to-earnings ratio of -65.29. The company’s fifty day moving average is $31.68 and its two-hundred day moving average is $25.11.

Nano Nuclear Energy (NASDAQ:NNE) last posted 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. On average, sell-side analysts anticipate 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 added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy in the 3rd quarter worth about $25,000. Ameriflex Group Inc. acquired a new stake in Nano Nuclear Energy in the 4th quarter worth about $29,000. New York State Common Retirement Fund purchased a new stake in Nano Nuclear Energy during the 4th quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. Finally, IFP Advisors Inc boosted its stake in shares of Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after acquiring an additional 1,277 shares during the last quarter.

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.