Nano Nuclear Energy (NASDAQ:NNE) Shares Down 1.7% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) fell 1.7% during mid-day trading on Friday . The stock traded as low as $29.51 and last traded at $30.41. 310,724 shares changed hands 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 reissued a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.

Nano Nuclear Energy Trading Down 2.4 %

The business’s 50-day moving average is $30.96 and its two-hundred day moving average is $24.46. The stock has a market capitalization of $1.12 billion and a PE ratio of -73.63.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly 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. On average, analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI boosted its position in Nano Nuclear Energy by 23.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company’s stock valued at $22,406,000 after buying an additional 171,000 shares during the last quarter. Anson Funds Management LP purchased a new position in Nano Nuclear Energy in the 4th quarter valued at about $20,746,000. Hudson Bay Capital Management LP purchased a new position in Nano Nuclear Energy in the 4th quarter valued at about $19,642,000. Vanguard Group Inc. boosted its position in Nano Nuclear Energy by 2,838.5% in the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company’s stock valued at $17,068,000 after buying an additional 662,287 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in Nano Nuclear Energy in the 4th quarter valued at about $11,311,000.

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.