Nano Nuclear Energy (NASDAQ:NNE) Price Target Raised to $66.00

Nano Nuclear Energy (NASDAQ:NNE) had its price objective increased by analysts at Benchmark from $39.00 to $66.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 222.27% from the company’s previous close.

Separately, HC Wainwright started coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price objective on the stock.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded up $1.43 during mid-day trading on Thursday, hitting $20.48. The stock had a trading volume of 1,255,128 shares, compared to its average volume of 2,980,018. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51. The firm’s 50 day simple moving average is $15.56.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. On average, equities analysts predict that Nano Nuclear Energy will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,665 shares of the company’s stock, valued at approximately $250,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.