Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 0.2% – Should You Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded down 0.2% during mid-day trading on Thursday . The stock traded as low as $23.25 and last traded at $23.69. 1,140,347 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 3,362,675 shares. The stock had previously closed at $23.73.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NNE shares. Benchmark raised their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Stock Performance

The stock’s 50 day moving average is $23.23 and its 200 day moving average is $17.34.

Institutional Trading of Nano Nuclear Energy

Several institutional investors and hedge funds have recently modified their holdings of the business. Citizens Financial Group Inc. RI lifted its holdings in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after acquiring an additional 643,000 shares during the last quarter. Geode Capital Management LLC bought a new stake in Nano Nuclear Energy during the third quarter worth about $954,000. Virtu Financial LLC purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth about $933,000. State Street Corp purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth about $718,000. Finally, XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at about $305,000.

Nano Nuclear Energy Company Profile

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.