Nano Nuclear Energy (NASDAQ:NNE) Posts Earnings Results

Nano Nuclear Energy (NASDAQ:NNE) issued its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09, Zacks reports.

Nano Nuclear Energy Stock Performance

NASDAQ NNE traded down $0.89 on Thursday, reaching $33.73. The stock had a trading volume of 4,487,226 shares, compared to its average volume of 7,121,158. Nano Nuclear Energy has a 1 year low of $3.25 and a 1 year high of $48.05. The business has a 50 day moving average price of $29.27 and a 200 day moving average price of $20.78.

Analyst Ratings Changes

A number of research analysts recently issued reports on NNE shares. Benchmark lifted 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. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.

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.