Nano Nuclear Energy (NASDAQ:NNE) Shares Down 1.4% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) was down 1.4% on Tuesday . The company traded as low as $32.17 and last traded at $32.02. Approximately 1,976,952 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 6,858,030 shares. The stock had previously closed at $32.49.

Analyst Upgrades and Downgrades

NNE has been the subject of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark increased their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Price Performance

The company has a 50-day moving average of $29.70 and a 200-day moving average of $21.29.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results 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. Equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

A number of large investors have recently bought and sold shares of NNE. Newbridge Financial Services Group Inc. acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth about $200,000. Canal Insurance CO purchased a new stake in Nano Nuclear Energy in the 4th quarter valued at approximately $622,000. State Street Corp acquired a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Powell Investment Advisors LLC purchased a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $602,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at 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.