Nano Nuclear Energy (NASDAQ:NNE) Trading Up 4% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) was up 4% on Friday . The company traded as high as $37.80 and last traded at $34.91. Approximately 4,587,201 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 7,289,085 shares. The stock had previously closed at $33.56.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Stock Up 5.0 %

The firm has a fifty day simple moving average of $28.70 and a 200 day simple moving average of $20.21.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. As a group, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $25,000. New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy during the fourth quarter worth $30,000. IFP Advisors Inc boosted its stake in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after acquiring an additional 1,277 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $66,000. Finally, Barclays PLC acquired a new position in shares of Nano Nuclear Energy in the third quarter valued at about $76,000.

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.