Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 10.4% – Time to Sell?

by · The Cerbat Gem

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) fell 10.4% during mid-day trading on Monday . The company traded as low as $23.82 and last traded at $24.12. 1,500,342 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 3,378,800 shares. The stock had previously closed at $26.92.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NNE shares. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark raised their price objective 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.

Read Our Latest Analysis on NNE

Nano Nuclear Energy Stock Up 0.3 %

The firm’s fifty day moving average price is $24.12 and its 200 day moving average price is $18.45.

Nano Nuclear Energy (NASDAQ:NNE – Get Free Report) last posted its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. As a group, sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $25,000. Barclays PLC acquired a new stake in Nano Nuclear Energy in the 3rd quarter worth about $76,000. Commonwealth Equity Services LLC purchased a new stake in Nano Nuclear Energy during the 2nd quarter worth approximately $250,000. XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $305,000. Finally, State Street Corp acquired a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $718,000.

About Nano Nuclear Energy

(Get Free Report)

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.

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