Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 5% – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price was up 5% during trading on Tuesday . The stock traded as high as $28.66 and last traded at $28.59. Approximately 1,639,759 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 3,384,241 shares. The stock had previously closed at $27.24.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark raised their target price 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 Up 4.9 %

The business’s fifty day moving average price is $23.42 and its 200 day moving average price is $17.62.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NNE. Barclays PLC bought a new stake in Nano Nuclear Energy during the 3rd quarter worth $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy during the second quarter valued at about $250,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy during the third quarter worth about $305,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy during the third quarter worth about $718,000. Finally, Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy in the third quarter valued at approximately $933,000.

About Nano Nuclear Energy

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.