Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 4.8% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares traded up 4.8% during trading on Friday . The company traded as high as $42.75 and last traded at $41.93. 3,363,943 shares traded hands during trading, a decline of 53% from the average session volume of 7,100,820 shares. The stock had previously closed at $40.01.

Analysts Set New Price Targets

Several research analysts have commented on NNE shares. Benchmark lifted their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reissued a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday.

Nano Nuclear Energy Stock Up 3.0 %

The business has a 50 day simple moving average of $27.83 and a 200-day simple moving average of $19.69.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. Equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Nano Nuclear Energy during the third quarter valued at $25,000. Rhumbline Advisers lifted its stake in Nano Nuclear Energy by 64.8% in the fourth quarter. Rhumbline Advisers now owns 6,212 shares of the company’s stock valued at $155,000 after buying an additional 2,442 shares during the last quarter. Barclays PLC bought a new position in Nano Nuclear Energy during the 3rd quarter valued at $76,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at $200,000. Finally, Fulton Bank N.A. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter worth approximately $213,000.

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.