Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Should You Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $20.39, but opened at $21.85. Nano Nuclear Energy shares last traded at $21.34, with a volume of 798,518 shares traded.

Analyst Ratings Changes

Several research firms have recently commented on NNE. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark increased their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Performance

The business’s 50 day moving average is $25.44 and its two-hundred day moving average is $19.03.

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

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently added to or reduced their stakes in the stock. Fulton Bank N.A. bought a new position in shares of Nano Nuclear Energy during the fourth quarter worth $213,000. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at about $25,000. Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy during the third quarter valued at about $933,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $76,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth about $954,000.

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.