Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 1.2% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) was up 1.2% on Thursday . The company traded as high as $31.99 and last traded at $31.63. Approximately 541,984 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 3,813,576 shares. The stock had previously closed at $31.26.

Wall Street Analysts Forecast Growth

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

Nano Nuclear Energy Trading Down 2.4 %

The company has a market capitalization of $1.12 billion and a PE ratio of -73.63. The stock’s fifty day moving average is $30.96 and its two-hundred day moving average is $24.35.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. As a group, analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at $718,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $305,000. Barclays PLC purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $76,000. Geode Capital Management LLC purchased a new stake in Nano Nuclear Energy during the third quarter valued at about $954,000. Finally, Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy in the third quarter worth about $933,000.

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.