Nano Nuclear Energy (NASDAQ:NNE) Trading Up 12.4% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded up 12.4% on Monday . The stock traded as high as $30.60 and last traded at $30.36. 2,840,810 shares were traded during trading, an increase of 1% from the average session volume of 2,820,145 shares. The stock had previously closed at $27.01.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Trading Up 18.3 %

The business’s 50-day moving average is $24.49 and its 200-day moving average is $18.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NNE. Commonwealth Equity Services LLC purchased a new position in Nano Nuclear Energy during the second quarter valued at approximately $250,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Nano Nuclear Energy in the second quarter valued at approximately $2,016,000. State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $718,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $305,000. Finally, Barclays PLC purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $76,000.

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.