Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Time to Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped up prior to trading on Wednesday . The stock had previously closed at $25.50, but opened at $27.17. Nano Nuclear Energy shares last traded at $28.30, with a volume of 1,194,644 shares.

Wall Street Analysts Forecast Growth

NNE has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th. Benchmark raised their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Stock Performance

The company has a 50 day moving average of $30.24 and a two-hundred day moving average of $22.16. The stock has a market capitalization of $1.12 billion and a PE ratio of -72.92.

Nano Nuclear Energy (NASDAQ:NNE) last announced 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. As a group, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently modified their holdings of the business. Ameriflex Group Inc. purchased a new position in Nano Nuclear Energy during the fourth quarter worth approximately $29,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy during the 4th quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd purchased a new position in Nano Nuclear Energy during the fourth quarter valued at $30,000. IFP Advisors Inc grew its position in shares of Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after purchasing an additional 1,277 shares during the period. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Nano Nuclear Energy during the third quarter worth about $25,000.

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.