Nano Nuclear Energy (NASDAQ:NNE) Shares Down 4.1% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares were down 4.1% during trading on Tuesday . The stock traded as low as $28.23 and last traded at $29.35. Approximately 643,217 shares changed hands during trading, a decline of 83% from the average daily volume of 3,832,986 shares. The stock had previously closed at $30.61.

Analyst Ratings Changes

Separately, HC Wainwright reissued a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Up 3.8 %

The stock has a market capitalization of $1.16 billion and a P/E ratio of -76.24. The stock’s 50 day moving average price is $30.79 and its 200-day moving average price is $24.16.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. Analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

Several hedge funds have recently modified their holdings of NNE. Citizens Financial Group Inc. RI raised its stake in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after acquiring an additional 643,000 shares in the last quarter. State Street Corp acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $718,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $305,000. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth $76,000. Finally, Geode Capital Management LLC purchased a new position in Nano Nuclear Energy during the 3rd quarter worth $954,000.

About Nano Nuclear Energy

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.