HC Wainwright Reiterates “Buy” Rating for Nano Nuclear Energy (NASDAQ:NNE)

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. HC Wainwright’s price target points to a potential upside of 24.97% from the stock’s current price.

Separately, Benchmark lifted their price target on 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 Performance

NNE opened at $40.01 on Wednesday. The business has a 50-day moving average of $27.62 and a two-hundred day moving average of $19.55. Nano Nuclear Energy has a 12 month low of $3.25 and a 12 month high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. Research analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Citizens Financial Group Inc. RI lifted its stake in shares of Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares in the last quarter. Van ECK Associates Corp purchased a new position in Nano Nuclear Energy in the 4th quarter worth approximately $11,311,000. Perigon Wealth Management LLC purchased a new position in Nano Nuclear Energy in the 4th quarter worth approximately $2,564,000. Geode Capital Management LLC purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $954,000. Finally, Virtu Financial LLC purchased a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $933,000.

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.