Nano Nuclear Energy (NASDAQ:NNE) Trading Down 1% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded down 1% during trading on Tuesday . The stock traded as low as $36.55 and last traded at $37.70. 3,192,731 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 7,160,895 shares. The stock had previously closed at $38.10.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NNE shares. Benchmark raised 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 restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Performance

The stock’s 50 day moving average price is $28.17 and its two-hundred day moving average price is $19.89.

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

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $25,000. New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $30,000. IFP Advisors Inc grew its position in shares of Nano Nuclear Energy by 638.5% during the 4th 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 during the last quarter. Barclays PLC bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $76,000. Finally, Rothschild Investment LLC bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $85,000.

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.