Nano Nuclear Energy (NASDAQ:NNE) Trading Down 3.7% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price was down 3.7% during trading on Monday . The company traded as low as $31.64 and last traded at $32.49. Approximately 4,339,307 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 7,666,370 shares. The stock had previously closed at $33.73.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NNE shares. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark increased their price objective 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.

Nano Nuclear Energy Stock Down 0.1 %

The company has a market cap of $1.17 billion and a PE ratio of -76.78. The stock has a 50-day moving average of $29.86 and a 200-day moving average of $21.44.

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

Institutional Investors Weigh In On Nano Nuclear Energy

A number of large investors have recently added to or reduced their stakes in NNE. Citizens Financial Group Inc. RI raised its position in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. State Street Corp purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $718,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $305,000. Barclays PLC purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $76,000. Finally, Geode Capital Management LLC purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $954,000.

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.