Nano Nuclear Energy (NASDAQ:NNE) Trading Down 0.7% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) fell 0.7% during mid-day trading on Monday . The stock traded as low as $34.27 and last traded at $38.34. 3,664,908 shares traded hands during trading, a decline of 49% from the average session volume of 7,152,217 shares. The stock had previously closed at $38.62.

Analysts Set New Price Targets

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

Nano Nuclear Energy Price Performance

The firm’s 50-day moving average is $27.93 and its 200 day moving average is $19.75.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NNE. Canal Insurance CO bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $622,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Virtu Financial LLC bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at $933,000. Geode Capital Management LLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at $954,000. Finally, Perigon Wealth Management LLC bought a new position in Nano Nuclear Energy during the fourth quarter worth $2,564,000.

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.