Nano Nuclear Energy (NASDAQ:NNE) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Nano Nuclear Energy (NASDAQ:NNE) released its quarterly earnings results on Thursday. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09, Zacks reports.

Nano Nuclear Energy Stock Down 3.7 %

NNE stock traded down $1.24 during mid-day trading on Friday, reaching $32.49. The company’s stock had a trading volume of 4,339,307 shares, compared to its average volume of 7,666,370. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The company’s 50 day moving average is $29.55 and its two-hundred day moving average is $21.00.

Wall Street Analyst Weigh In

NNE has been the topic of a number of recent analyst reports. Benchmark upped their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

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.