Nano Nuclear Energy (NASDAQ:NNE) Trading 2.4% Higher – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares rose 2.4% on Monday . The company traded as high as $25.98 and last traded at $25.80. 899,643 shares traded hands during trading, a decline of 73% from the average daily volume of 3,373,122 shares. The stock had previously closed at $25.19.

Wall Street Analysts Forecast Growth

NNE has been the topic of a number of recent analyst reports. Benchmark boosted 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 reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Stock Performance

The company has a 50 day moving average price of $23.68 and a 200 day moving average price of $17.78.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in Nano Nuclear Energy in the third quarter worth about $933,000. Barclays PLC bought a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Geode Capital Management LLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $954,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $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.