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

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped down before the market opened on Monday . The stock had previously closed at $27.25, but opened at $25.93. Nano Nuclear Energy shares last traded at $26.70, with a volume of 351,092 shares traded.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Monday, March 31st.

Nano Nuclear Energy Stock Performance

The firm’s 50 day moving average price is $25.07 and its two-hundred day moving average price is $26.90. The firm has a market cap of $993.33 million and a PE ratio of -65.50.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.46). On average, analysts forecast 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 bought and sold shares of NNE. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy in the third quarter valued at $25,000. North Capital Inc. acquired a new position in Nano Nuclear Energy in the first quarter valued at $26,000. Marshall Investment Management LLC acquired a new position in Nano Nuclear Energy in the first quarter valued at $27,000. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at $29,000. Finally, New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy in the fourth quarter valued at $30,000.

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.