Nano Nuclear Energy (NASDAQ:NNE) Shares Up 17.5% – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) traded up 17.5% during trading on Thursday . The company traded as high as $43.70 and last traded at $42.83. 7,076,739 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 5,589,519 shares. The stock had previously closed at $36.45.

Analyst Ratings Changes

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

Nano Nuclear Energy Trading Up 19.2 %

The business has a fifty day moving average price of $26.10 and a 200-day moving average price of $19.14.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. On average, analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Institutional Trading of Nano Nuclear Energy

Several institutional investors have recently made changes to their positions in the business. State Street Corp purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $718,000. Virtu Financial LLC bought a new stake in Nano Nuclear Energy during the 3rd quarter valued at $933,000. Geode Capital Management LLC bought a new stake in Nano Nuclear Energy during the 3rd quarter valued at $954,000. Citizens Financial Group Inc. RI increased its holdings in shares of 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 valued at $10,505,000 after acquiring an additional 643,000 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $305,000.

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.