Nano Nuclear Energy’s (NNE) Buy Rating Reiterated at HC Wainwright

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating reaffirmed by stock analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They presently have a $50.00 price objective on the stock. HC Wainwright’s price objective would suggest a potential upside of 86.78% from the stock’s previous close.

Nano Nuclear Energy Trading Down 5.2 %

NASDAQ:NNE opened at $26.77 on Monday. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $48.05. The company has a market capitalization of $992.44 million and a P/E ratio of -65.29. The firm has a 50-day moving average price of $31.68 and a two-hundred day moving average price of $25.33.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. On average, equities research analysts predict that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $29,000. New York State Common Retirement Fund purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at $30,000. IFP Advisors Inc increased its stake in Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after purchasing an additional 1,277 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Nano Nuclear Energy during the third quarter worth about $25,000.

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.