Nano Nuclear Energy (NASDAQ:NNE) Trading 2.7% Higher – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as $31.17 and last traded at $30.94. 467,811 shares traded hands during trading, a decline of 88% from the average session volume of 3,821,005 shares. The stock had previously closed at $30.12.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Up 3.3 %

The company has a 50-day moving average of $30.70 and a 200-day moving average of $24.11. The company has a market cap of $1.15 billion and a PE ratio of -75.71.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current 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 worth $25,000. Ameriflex Group Inc. purchased a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at about $29,000. New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Nano Nuclear Energy during the fourth quarter valued at about $30,000. Finally, IFP Advisors Inc raised its stake in Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after buying an additional 1,277 shares in the last quarter.

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.