Nano Nuclear Energy (NASDAQ:NNE) Shares Down 1.4% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) was down 1.4% during mid-day trading on Tuesday . The stock traded as low as $30.24 and last traded at $32.09. Approximately 2,694,935 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 4,292,731 shares. The stock had previously closed at $32.56.

Wall Street Analyst Weigh In

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

Nano Nuclear Energy Trading Down 4.8 %

The firm’s 50-day moving average price is $24.71 and its 200-day moving average price is $18.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. As a group, sell-side analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $25,000. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy in the second quarter worth $250,000. XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the third quarter worth $305,000. Finally, State Street Corp acquired a new position in Nano Nuclear Energy during the third quarter valued at $718,000.

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.