Nano Nuclear Energy (NASDAQ:NNE) Given “Buy” Rating at HC Wainwright

HC Wainwright reissued their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a report issued on Monday,Benzinga reports. They currently have a $50.00 price objective on the stock.

Nano Nuclear Energy Stock Performance

Shares of NNE opened at $24.50 on Monday. The firm has a market cap of $908.29 million and a PE ratio of -59.76. The firm’s 50 day moving average price is $31.36 and its 200 day moving average price is $25.50. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. On average, sell-side analysts anticipate that Nano Nuclear Energy will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NNE. Anson Funds Management LP bought a new position in Nano Nuclear Energy in the 4th quarter worth $20,746,000. Hudson Bay Capital Management LP bought a new stake in Nano Nuclear Energy during the fourth quarter valued at about $19,642,000. Vanguard Group Inc. grew its position in shares of Nano Nuclear Energy by 2,838.5% in the fourth quarter. Vanguard Group Inc. now owns 685,619 shares of the company’s stock valued at $17,068,000 after purchasing an additional 662,287 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $11,311,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $4,544,000.

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.