Nano Nuclear Energy (NASDAQ:NNE) Trading Up 4.7% – Time to Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price shot up 4.7% during trading on Thursday . The company traded as high as $29.93 and last traded at $29.91. 1,063,577 shares changed hands during trading, a decline of 69% from the average session volume of 3,382,614 shares. The stock had previously closed at $28.58.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NNE shares. Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright restated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Stock Down 5.4 %

The stock’s fifty day moving average price is $24.15 and its 200-day moving average price is $18.06.

Institutional Investors Weigh In On Nano Nuclear Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NNE. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $25,000. Virtu Financial LLC bought a new stake in Nano Nuclear Energy during the third quarter worth about $933,000. Barclays PLC acquired a new position in Nano Nuclear Energy during the third quarter valued at approximately $76,000. Geode Capital Management LLC bought a new position in Nano Nuclear Energy in the third quarter valued at approximately $954,000. Finally, XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $305,000.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.