Nano Nuclear Energy (NASDAQ:NNE) Given “Buy” Rating at HC Wainwright

HC Wainwright restated their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research report sent to investors on Wednesday,Benzinga reports. HC Wainwright currently has a $50.00 price objective on the stock.

Separately, Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Down 3.5 %

NNE opened at $38.62 on Wednesday. Nano Nuclear Energy has a 1-year low of $3.25 and a 1-year high of $48.05. The company has a fifty day moving average price of $27.83 and a two-hundred day moving average price of $19.69.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. On average, equities analysts expect that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI grew its holdings in Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after buying an additional 643,000 shares in the last quarter. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $718,000. XTX Topco Ltd purchased a new position in Nano Nuclear Energy in the third quarter valued at about $305,000. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth about $76,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth about $954,000.

Nano Nuclear Energy Company Profile

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.