Nano Nuclear Energy (NASDAQ:NNE) Shares Up 2.6% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price shot up 2.6% during mid-day trading on Friday . The stock traded as high as $44.72 and last traded at $43.86. 4,508,739 shares were traded during trading, a decline of 28% from the average session volume of 6,281,534 shares. The stock had previously closed at $42.74.

Analysts Set New Price Targets

Several analysts recently commented on NNE shares. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark raised their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Trading Up 4.1 %

The company has a fifty day simple moving average of $26.95 and a 200 day simple moving average of $19.40.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Equities analysts anticipate 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 NNE. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth $25,000. Barclays PLC bought a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Fulton Bank N.A. bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth $213,000. Patriot Financial Group Insurance Agency LLC bought a new position in Nano Nuclear Energy in the 4th quarter worth about $227,000. Finally, XTX Topco Ltd purchased a new position in Nano Nuclear Energy during the third quarter valued at approximately $305,000.

About Nano Nuclear Energy

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.