Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $44.51, but opened at $35.98. Nano Nuclear Energy shares last traded at $34.64, with a volume of 4,579,083 shares changing hands.

Analyst Upgrades and Downgrades

NNE has been the topic of a number of analyst reports. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright restated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Price Performance

The company’s 50-day moving average price is $26.95 and its two-hundred day moving average price is $19.31.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. On average, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NNE. JPMorgan Chase & Co. bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the third quarter worth approximately $76,000. Fulton Bank N.A. bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $213,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at approximately $227,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the 3rd quarter valued at $305,000.

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.