Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Here’s Why

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $33.26, but opened at $35.99. Nano Nuclear Energy shares last traded at $33.87, with a volume of 1,828,729 shares trading hands.

Wall Street Analyst Weigh In

A number of 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 company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Stock Performance

The firm’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $19.36.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. Equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy in the third quarter valued at $25,000. Barclays PLC acquired a new position in Nano Nuclear Energy in the third quarter valued at about $76,000. Fulton Bank N.A. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $213,000. Financial Advocates Investment Management acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $219,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Nano Nuclear Energy during the fourth quarter worth about $227,000.

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.