Nano Nuclear Energy (NASDAQ:NNE) Shares Down 2.4% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price fell 2.4% on Thursday . The stock traded as low as $27.33 and last traded at $28.08. 551,804 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,903,781 shares. The stock had previously closed at $28.77.

Analysts Set New Price Targets

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

Nano Nuclear Energy Stock Performance

The company has a market capitalization of $1.00 billion and a P/E ratio of -65.80. The stock has a fifty day moving average of $30.47 and a 200 day moving average of $23.05.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Anson Funds Management LP purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at about $20,746,000. Hudson Bay Capital Management LP bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $19,642,000. Vanguard Group Inc. grew its holdings in Nano Nuclear Energy by 2,838.5% during 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 in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of 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 buying an additional 643,000 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth $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.