Nano Nuclear Energy (NASDAQ:NNE) Trading Down 15% – Should You Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded down 15% during trading on Monday . The company traded as low as $21.10 and last traded at $21.80. 2,641,264 shares changed hands during trading, a decline of 38% from the average session volume of 4,270,413 shares. The stock had previously closed at $25.66.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark increased their price target 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 restated 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 Stock Performance

The business’s 50 day moving average price is $25.44 and its 200 day moving average price is $19.03.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $25,000. Barclays PLC acquired a new position in Nano Nuclear Energy during the third quarter worth $76,000. Fulton Bank N.A. purchased a new stake in Nano Nuclear Energy in the 4th quarter valued at $213,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth $250,000. Finally, XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter worth $305,000.

Nano Nuclear Energy Company Profile

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.