Nano Nuclear Energy (NASDAQ:NNE) Shares Down 1% – What’s Next?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark increased their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Trading Down 5.1 %

The business’s 50-day moving average is $28.57 and its 200-day moving average is $20.12.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. Analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

Large investors have recently modified their holdings of the stock. New York State Common Retirement Fund bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $30,000. IFP Advisors Inc increased its stake in shares of Nano Nuclear Energy by 638.5% in 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 period. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the third quarter worth $25,000. SBI Securities Co. Ltd. acquired a new position in shares of Nano Nuclear Energy during the fourth quarter valued at $66,000. Finally, Rothschild Investment LLC bought a new position in Nano Nuclear Energy in the fourth 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.