Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 4.9% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares shot up 4.9% during trading on Wednesday . The company traded as high as $29.40 and last traded at $28.58. 3,427,376 shares traded hands during trading, an increase of 1% from the average session volume of 3,398,377 shares. The stock had previously closed at $27.24.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NNE. Benchmark upped their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Stock Performance

The firm has a 50-day moving average price of $24.02 and a 200-day moving average price of $17.92.

Hedge Funds Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Nano Nuclear Energy in the third quarter valued at approximately $25,000. Barclays PLC acquired a new stake in Nano Nuclear Energy during the third quarter worth about $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd acquired a new stake in Nano Nuclear Energy during the third quarter worth $305,000. Finally, State Street Corp bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $718,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.