Nano Nuclear Energy (NASDAQ:NNE) Shares Down 2% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded down 2% on Friday . The stock traded as low as $31.64 and last traded at $33.06. 2,247,505 shares traded hands during trading, a decline of 68% from the average session volume of 6,950,124 shares. The stock had previously closed at $33.73.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NNE shares. Benchmark lifted their price target on shares of 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 reaffirmed a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th.

Nano Nuclear Energy Trading Down 1.8 %

The company has a fifty day moving average price of $29.44 and a two-hundred day moving average price of $20.87. The firm has a market cap of $1.21 billion and a P/E ratio of -80.84.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. As a group, sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy in the 4th quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new position in Nano Nuclear Energy during the fourth quarter worth approximately $30,000. IFP Advisors Inc raised its stake in Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after acquiring an additional 1,277 shares during the period. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy during the third quarter worth $25,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Nano Nuclear Energy in the fourth quarter valued at $66,000.

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.