Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 4.7% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) dropped 4.7% on Tuesday . The stock traded as low as $24.75 and last traded at $25.09. Approximately 1,513,494 shares traded hands during trading, a decline of 55% from the average daily volume of 3,355,855 shares. The stock had previously closed at $26.32.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Nano Nuclear Energy Stock Up 2.9 %

The company has a fifty day moving average of $22.95 and a 200 day moving average of $17.16.

Institutional Trading of Nano Nuclear Energy

Large investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $933,000. Barclays PLC acquired a new stake in Nano Nuclear Energy in the third quarter worth $76,000. Geode Capital Management LLC acquired a new stake in Nano Nuclear Energy in the third quarter worth $954,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy in the third quarter valued at $305,000. Finally, State Street Corp acquired a new position in shares of Nano Nuclear Energy during the third quarter valued at about $718,000.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.