Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped up prior to trading on Wednesday . The stock had previously closed at $27.53, but opened at $29.51. Nano Nuclear Energy shares last traded at $28.27, with a volume of 525,794 shares traded.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Trading Up 2.9 %

The stock has a 50 day simple moving average of $30.53 and a 200-day simple moving average of $23.45. The firm has a market cap of $1.05 billion and a PE ratio of -68.80.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. On average, equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Large investors have recently added to or reduced their stakes in the stock. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Nano Nuclear Energy during the 4th quarter valued at $774,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at $200,000. Canal Insurance CO bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth about $622,000. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth about $718,000. Finally, Powell Investment Advisors LLC purchased a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $602,000.

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.