Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Should You Sell?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down before the market opened on Friday . The stock had previously closed at $22.64, but opened at $21.50. Nano Nuclear Energy shares last traded at $21.27, with a volume of 991,997 shares.

Wall Street Analysts Forecast Growth

Several research firms have commented on NNE. HC Wainwright initiated coverage on Nano Nuclear Energy in a report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company. Benchmark upped their target price 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.

Nano Nuclear Energy Trading Down 4.2 %

The company has a fifty day moving average price of $17.45.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. On average, equities analysts predict that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.

Institutional Trading of Nano Nuclear Energy

Large investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at $76,000. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth about $250,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth about $305,000. State Street Corp bought a new position in Nano Nuclear Energy during the 3rd quarter valued at about $718,000. Finally, Geode Capital Management LLC acquired a new position in Nano Nuclear Energy in the third quarter valued at about $954,000.

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.