Nano Nuclear Energy (NASDAQ:NNE) Shares Up 4.6% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded up 4.6% during mid-day trading on Wednesday . The company traded as high as $40.68 and last traded at $36.39. 4,960,294 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 7,012,721 shares. The stock had previously closed at $34.79.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NNE shares. HC Wainwright restated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday. Benchmark increased their price target on shares of 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 Trading Up 4.3 %

The firm has a fifty day moving average price of $27.36 and a 200 day moving average price of $19.43.

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, sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Citizens Financial Group Inc. RI lifted its position in 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 purchasing an additional 643,000 shares during the period. Perigon Wealth Management LLC acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at about $2,564,000. Geode Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth about $954,000. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the third quarter worth about $933,000. Finally, State Street Corp purchased a new position in Nano Nuclear Energy during the third quarter valued at approximately $718,000.

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.