Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down before the market opened on Monday . The stock had previously closed at $38.62, but opened at $34.75. Nano Nuclear Energy shares last traded at $38.03, with a volume of 2,531,532 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NNE. Benchmark lifted 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 note on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Down 2.7 %

The business’s 50 day simple moving average is $28.39 and its two-hundred day simple moving average is $20.01.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. On average, equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $25,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. IFP Advisors Inc raised its position 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 purchasing an additional 1,277 shares during the period. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $76,000. Finally, Rothschild Investment LLC bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $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.