Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 1.4% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price shot up 1.4% during trading on Thursday . The company traded as high as $25.10 and last traded at $23.41. 1,596,396 shares traded hands during trading, a decline of 48% from the average session volume of 3,085,286 shares. The stock had previously closed at $23.09.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright started coverage on shares of Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 target price for the company.

Nano Nuclear Energy Stock Performance

The business’s 50 day moving average is $16.85.

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

Hedge Funds Weigh In On Nano Nuclear Energy

An institutional investor recently raised its position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI lifted its position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 747.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 729,000 shares of the company’s stock after acquiring an additional 643,000 shares during the quarter. Citizens Financial Group Inc. RI owned approximately 2.26% of Nano Nuclear Energy worth $10,505,000 at the end of the most recent quarter.

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.