Nano Nuclear Energy (NASDAQ:NNE) Issues Quarterly Earnings Results

Nano Nuclear Energy (NASDAQ:NNE) issued its quarterly earnings results on Thursday. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09, Zacks reports.

Nano Nuclear Energy Stock Down 3.7 %

NNE stock traded down $1.24 during trading on Friday, reaching $32.49. 4,339,307 shares of the company were exchanged, compared to its average volume of 7,666,370. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $48.05. The stock’s 50 day moving average price is $29.55 and its 200 day moving average price is $21.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NNE shares. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th. Benchmark boosted 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.

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.