Nano Nuclear Energy’s (NNE) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a report issued on Wednesday,Benzinga reports. HC Wainwright currently has a $50.00 target price on the stock.

Separately, Benchmark boosted their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock opened at $26.77 on Wednesday. The firm has a fifty day moving average of $19.88 and a 200-day moving average of $14.98. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $37.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citizens Financial Group Inc. RI grew its stake in shares of Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after acquiring an additional 643,000 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $954,000. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $933,000. State Street Corp purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $305,000.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.