Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Time to Buy?

Posted by Dee Baugher on Dec 14th, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $24.10, but opened at $25.53. Nano Nuclear Energy shares last traded at $25.45, with a volume of 1,342,288 shares trading hands.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Analysis on NNE

Nano Nuclear Energy Stock Performance

The company has a 50-day moving average of $22.47 and a two-hundred day moving average of $16.71.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC bought a new stake in Nano Nuclear Energy during the third quarter worth about $76,000. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy during the second quarter valued at approximately $250,000. XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $305,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $718,000. Finally, Virtu Financial LLC purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $933,000.

Nano Nuclear Energy Company Profile

(Get Free Report)

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.