Nano Nuclear Energy (NASDAQ:NNE) Trading 6.3% Higher – Time to Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) traded up 6.3% during trading on Monday . The stock traded as high as $32.24 and last traded at $32.08. 1,148,239 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 5,052,126 shares. The stock had previously closed at $30.19.

Analyst Ratings Changes

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

Nano Nuclear Energy Stock Down 3.9 %

The company’s fifty day moving average price is $31.42 and its two-hundred day moving average price is $24.93. The company has a market cap of $1.17 billion and a price-to-earnings ratio of -77.15.

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

Institutional Trading of Nano Nuclear Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $718,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the third quarter worth about $305,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Geode Capital Management LLC bought a new position in Nano Nuclear Energy in the third quarter valued at $954,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $933,000.

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.