Nano Nuclear Energy (NASDAQ:NNE) Trading Down 1.7% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price fell 1.7% on Friday . The company traded as low as $29.51 and last traded at $30.41. 310,724 shares were traded during trading, a decline of 92% from the average session volume of 3,802,658 shares. The stock had previously closed at $30.92.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Trading Down 3.6 %

The stock has a market cap of $1.10 billion and a P/E ratio of -72.90. The firm’s fifty day moving average is $30.87 and its 200 day moving average is $24.21.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. Research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $29,000. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $30,000. IFP Advisors Inc increased its holdings in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after purchasing an additional 1,277 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $25,000.

About Nano Nuclear Energy

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.