Nano Nuclear Energy (NASDAQ:NNE) Sets New 12-Month High – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $41.03 and last traded at $39.69, with a volume of 3078533 shares. The stock had previously closed at $36.45.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Benchmark lifted their price objective on 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 research note on Wednesday, November 27th.

Nano Nuclear Energy Trading Up 4.1 %

The stock’s 50-day moving average is $26.50 and its 200-day moving average is $19.30.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $25,000. Barclays PLC bought a new position in Nano Nuclear Energy in the third quarter worth about $76,000. Fulton Bank N.A. acquired a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $213,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $227,000. Finally, XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $305,000.

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.