Nano Nuclear Energy (NASDAQ:NNE) Trading Up 17.5% – Here’s Why

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNEGet Free Report) shot up 17.5% on Tuesday . The company traded as high as $28.99 and last traded at $29.04. 3,028,629 shares traded hands during trading, a decline of 31% from the average session volume of 4,374,616 shares. The stock had previously closed at $24.71.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NNE shares. HC Wainwright reissued a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark upped their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Check Out Our Latest Stock Analysis on Nano Nuclear Energy

Nano Nuclear Energy Stock Performance

The business has a 50 day simple moving average of $25.65 and a 200-day simple moving average of $18.99.

Nano Nuclear Energy (NASDAQ:NNEGet Free Report) last posted its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy in the third quarter valued at approximately $76,000. Fulton Bank N.A. purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $213,000. Commonwealth Equity Services LLC purchased a new stake in shares of Nano Nuclear Energy during the second quarter valued at approximately $250,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the third quarter worth $305,000.

About Nano Nuclear Energy

(Get Free Report)

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.

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