Nano Nuclear Energy (NASDAQ:NNE) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Nano Nuclear Energy (NASDAQ:NNE) issued its earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08, Zacks reports.

Nano Nuclear Energy Price Performance

Shares of NNE stock opened at $26.92 on Monday. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51. The stock has a 50 day simple moving average of $24.15 and a 200-day simple moving average of $18.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Benchmark increased their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

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.