Nano Nuclear Energy (NASDAQ:NNE) Trading Down 2.1% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price fell 2.1% during trading on Friday . The company traded as low as $22.30 and last traded at $23.90. 1,550,326 shares changed hands during trading, a decline of 54% from the average session volume of 3,362,638 shares. The stock had previously closed at $24.41.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NNE shares. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark raised their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Stock Performance

The firm has a 50 day moving average of $23.08 and a 200 day moving average of $17.21.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth $76,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the 2nd quarter worth about $250,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $305,000. State Street Corp bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $933,000.

Nano Nuclear Energy Company Profile

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.