Nano Nuclear Energy (NASDAQ:NNE) Given New $66.00 Price Target at Benchmark

Nano Nuclear Energy (NASDAQ:NNE) had its price target boosted by analysts at Benchmark from $39.00 to $66.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 222.27% from the stock’s previous close.

Separately, HC Wainwright started coverage on shares of Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company.

Nano Nuclear Energy Price Performance

NNE stock traded up $1.43 on Thursday, reaching $20.48. The company’s stock had a trading volume of 1,255,128 shares, compared to its average volume of 2,980,018. Nano Nuclear Energy has a 52 week low of $3.25 and a 52 week high of $37.51. The business has a fifty day simple moving average of $15.56.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. On average, equities analysts anticipate that Nano Nuclear Energy will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

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.