Nano Nuclear Energy (NASDAQ:NNE) Trading 1.4% Higher – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE) traded up 1.4% during trading on Wednesday . The stock traded as high as $33.47 and last traded at $32.65. 1,940,277 shares were traded during mid-day trading, a decline of 73% from the average session volume of 7,076,015 shares. The stock had previously closed at $32.20.

Analyst Ratings Changes

Several equities analysts have commented on the stock. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th. Benchmark upped 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 Stock Up 5.7 %

The business has a 50 day moving average of $29.11 and a 200-day moving average of $20.69.

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

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently modified their holdings of NNE. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $25,000. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. IFP Advisors Inc raised its position in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after purchasing an additional 1,277 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $66,000. Finally, Barclays PLC acquired a new position in Nano Nuclear Energy during the 3rd quarter valued at approximately $76,000.

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.