Nano Nuclear Energy (NASDAQ:NNE) Trading Down 1.5% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE) was down 1.5% on Thursday . The company traded as low as $33.50 and last traded at $34.10. Approximately 2,013,970 shares were traded during trading, a decline of 71% from the average daily volume of 7,030,479 shares. The stock had previously closed at $34.62.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NNE shares. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Trading Down 2.7 %

The stock has a 50-day simple moving average of $29.27 and a 200 day simple moving average of $20.78.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $25,000. New York State Common Retirement Fund acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at about $30,000. IFP Advisors Inc grew its stake in shares of Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after buying an additional 1,277 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Nano Nuclear Energy during the 4th quarter valued at approximately $66,000.

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.