Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 9.7% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) was up 9.7% during trading on Friday . The company traded as high as $26.64 and last traded at $26.24. Approximately 1,652,600 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 1,637,897 shares. The stock had previously closed at $23.93.

Analyst Ratings Changes

A number of brokerages recently weighed in on NNE. Benchmark boosted their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research 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 Price Performance

The business’s fifty day moving average price is $24.34 and its 200 day moving average price is $18.53.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. Analysts predict that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NNE. JPMorgan Chase & Co. acquired a new stake in Nano Nuclear Energy in the third quarter valued at $25,000. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $76,000. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy during the second quarter worth about $250,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $305,000. Finally, State Street Corp purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000.

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.