Nano Nuclear Energy (NASDAQ:NNE) Trading Down 0.1% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price traded down 0.1% during mid-day trading on Wednesday . The stock traded as low as $30.40 and last traded at $31.47. 1,077,571 shares changed hands during trading, a decline of 84% from the average session volume of 6,736,551 shares. The stock had previously closed at $31.50.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark boosted their target price on 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 Trading Up 0.5 %

The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of -77.50. The company has a fifty day moving average of $29.86 and a two-hundred day moving average of $21.44.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. As a group, sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nuveen Asset Management LLC acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth approximately $4,544,000. Millennium Management LLC bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $1,253,000. Hudson Bay Capital Management LP bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $19,642,000. Cetera Investment Advisers bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $424,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $1,091,000.

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.