Nano Nuclear Energy (NASDAQ:NNE) Shares Up 4.7% – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares were up 4.7% during mid-day trading on Friday . The company traded as high as $21.09 and last traded at $20.47. Approximately 1,480,661 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 2,979,906 shares. The stock had previously closed at $19.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NNE shares. HC Wainwright started coverage on Nano Nuclear Energy in a report on Wednesday. They issued a “buy” rating and a $50.00 target price for the company. Benchmark restated a “buy” rating and set a $39.00 price target on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Stock Down 1.5 %

The company’s 50 day simple moving average is $15.13.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. On average, equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned about 0.30% of Nano Nuclear Energy as of its most recent SEC filing.

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.