Nano Nuclear Energy (NASDAQ:NNE) Trading Up 4% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price was up 4% on Monday . The stock traded as high as $37.20 and last traded at $36.71. Approximately 2,892,438 shares changed hands during trading, a decline of 60% from the average daily volume of 7,257,211 shares. The stock had previously closed at $35.29.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NNE. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.

Nano Nuclear Energy Stock Performance

The firm’s 50 day moving average price is $29.11 and its 200-day moving average price is $20.69.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth $25,000. New York State Common Retirement Fund acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth about $30,000. IFP Advisors Inc raised its holdings 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 valued at $37,000 after buying an additional 1,277 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Nano Nuclear Energy during the 4th quarter worth about $66,000. Finally, Barclays PLC acquired a new position in Nano Nuclear Energy during the third quarter valued at approximately $76,000.

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.