Traders Buy High Volume of Nano Nuclear Energy Call Options (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) saw unusually large options trading on Wednesday. Investors acquired 18,775 call options on the company. This represents an increase of approximately 44% compared to the typical daily volume of 13,010 call options.

Nano Nuclear Energy Stock Performance

NNE traded up $2.07 during midday trading on Wednesday, reaching $34.25. 6,480,542 shares of the company were exchanged, compared to its average volume of 5,104,788. The company’s fifty day moving average price is $25.83 and its 200 day moving average price is $19.01. Nano Nuclear Energy has a one year low of $3.25 and a one year high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Equities analysts forecast that Nano Nuclear Energy will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. State Street Corp purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $718,000. Virtu Financial LLC bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $933,000. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $954,000. Citizens Financial Group Inc. RI grew its stake in shares of Nano Nuclear Energy by 747.7% in the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after purchasing an additional 643,000 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $305,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Benchmark raised their price objective on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.