Nano Nuclear Energy (NASDAQ:NNE) Shares Down 0.2% – Should You Sell?

Posted by Tech Dows on Dec 19th, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) shares fell 0.2% on Thursday . The stock traded as low as $23.25 and last traded at $23.69. 1,140,347 shares traded hands during trading, a decline of 66% from the average session volume of 3,362,675 shares. The stock had previously closed at $23.73.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on Nano Nuclear Energy

Nano Nuclear Energy Stock Performance

The firm has a 50 day moving average of $22.95 and a two-hundred day moving average of $17.16.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $933,000. Citizens Financial Group Inc. RI bought a new position in shares of Nano Nuclear Energy during the second quarter valued at $2,016,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth about $305,000. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy in the second quarter valued at about $250,000. Finally, Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $76,000.

Nano Nuclear Energy Company Profile

(Get Free Report)

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.