Nano Nuclear Energy (NASDAQ:NNE) Earns Buy Rating from Analysts at HC Wainwright

Investment analysts at HC Wainwright assumed coverage on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research report issued to clients and investors on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $50.00 price target on the stock. HC Wainwright’s price objective suggests a potential upside of 139.23% from the company’s current price.

Separately, Benchmark reissued a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Price Performance

Shares of NASDAQ:NNE opened at $20.90 on Wednesday. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51. The stock’s 50 day moving average price is $14.58.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Institutional Trading of Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned about 0.30% of Nano Nuclear Energy as of its most recent SEC filing.

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.