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

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down prior to trading on Monday . The stock had previously closed at $21.45, but opened at $19.22. Nano Nuclear Energy shares last traded at $20.13, with a volume of 296,782 shares traded.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, March 31st.

Nano Nuclear Energy Trading Up 7.6 %

The business’s fifty day simple moving average is $30.51 and its 200 day simple moving average is $25.73. The stock has a market cap of $855.27 million and a price-to-earnings ratio of -56.27.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.09. As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Nano Nuclear Energy by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company’s stock valued at $52,000 after buying an additional 331 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $29,000. New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Finally, IFP Advisors Inc raised its position in shares of Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after purchasing an additional 1,277 shares during the period.

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.