Nano Nuclear Energy (NASDAQ:NNE) Shares Up 6.3% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price was up 6.3% during mid-day trading on Monday . The company traded as high as $32.24 and last traded at $32.08. Approximately 1,148,239 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 5,052,126 shares. The stock had previously closed at $30.19.

Analysts Set New Price Targets

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

Nano Nuclear Energy Price Performance

The company has a fifty day moving average of $30.96 and a two-hundred day moving average of $24.57. The stock has a market capitalization of $1.19 billion and a P/E ratio of -78.06.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. As a group, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $774,000. Newbridge Financial Services Group Inc. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $200,000. Canal Insurance CO acquired a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $622,000. State Street Corp bought a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $718,000. Finally, Powell Investment Advisors LLC acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $602,000.

About Nano Nuclear Energy

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.