Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Should You Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $30.24, but opened at $28.05. Nano Nuclear Energy shares last traded at $26.67, with a volume of 1,167,422 shares.

Wall Street Analysts Forecast Growth

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

Nano Nuclear Energy Stock Performance

The business’s 50-day moving average price is $25.17 and its two-hundred day moving average price is $19.08.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data 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. Research analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy in the third quarter worth about $25,000. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000. Fulton Bank N.A. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $213,000. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy during the 2nd quarter valued at approximately $250,000. Finally, XTX Topco Ltd bought a new position in Nano Nuclear Energy during the 3rd quarter worth $305,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.