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

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped up prior to trading on Tuesday . The stock had previously closed at $38.10, but opened at $39.60. Nano Nuclear Energy shares last traded at $37.24, with a volume of 1,846,132 shares.

Wall Street Analyst Weigh In

A number of research firms recently commented on NNE. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark upped their price objective on 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 Trading Down 0.5 %

The company has a fifty day moving average price of $28.17 and a 200-day moving average price of $19.89.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. As a group, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Citizens Financial Group Inc. RI grew its stake in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after acquiring an additional 643,000 shares in the last quarter. Van ECK Associates Corp purchased a new position in Nano Nuclear Energy during the 4th quarter worth $11,311,000. Perigon Wealth Management LLC bought a new stake in Nano Nuclear Energy during the 4th quarter valued at $2,564,000. Geode Capital Management LLC purchased a new stake in Nano Nuclear Energy in the third quarter worth about $954,000. Finally, Virtu Financial LLC bought a new position in Nano Nuclear Energy during the 3rd 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.