Nano Nuclear Energy (NASDAQ:NNE) Announces Earnings Results

Nano Nuclear Energy (NASDAQ:NNE) issued its quarterly earnings results on Thursday. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09, Zacks reports.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE traded down $1.24 during trading hours on Friday, hitting $32.49. The company had a trading volume of 4,339,307 shares, compared to its average volume of 7,666,370. The stock has a 50-day moving average price of $29.55 and a 200 day moving average price of $21.00. Nano Nuclear Energy has a 52 week low of $3.25 and a 52 week high of $48.05.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NNE. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark lifted their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

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.