Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 3.2% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price dropped 3.2% on Tuesday . The company traded as low as $32.64 and last traded at $32.20. Approximately 3,376,737 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 6,939,480 shares. The stock had previously closed at $33.26.

Wall Street Analyst Weigh In

Several research firms have commented on NNE. HC Wainwright reissued a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark lifted 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.

Nano Nuclear Energy Trading Up 4.6 %

The firm has a fifty day moving average of $27.17 and a two-hundred day moving average of $19.36.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. As a group, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy during the third quarter valued at about $25,000. Barclays PLC bought a new position in Nano Nuclear Energy during the 3rd quarter valued at approximately $76,000. Newbridge Financial Services Group Inc. purchased a new stake in Nano Nuclear Energy in the 4th quarter worth approximately $200,000. Fulton Bank N.A. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $213,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $219,000.

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.