Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 0.8% – Should You Sell?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) fell 0.8% on Thursday . The company traded as low as $22.39 and last traded at $22.66. 1,560,406 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 4,436,015 shares. The stock had previously closed at $22.85.

Analysts Set New Price Targets

A number of research firms recently issued reports on NNE. HC Wainwright reiterated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark raised their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Up 3.4 %

The firm has a 50 day moving average of $25.44 and a 200 day moving average of $19.03.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $25,000. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth about $76,000. Fulton Bank N.A. purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter worth about $213,000. Commonwealth Equity Services LLC purchased a new position in Nano Nuclear Energy during the second quarter valued at approximately $250,000. Finally, XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the 3rd quarter worth approximately $305,000.

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.