Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Here’s What Happened

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down prior to trading on Wednesday . The stock had previously closed at $30.24, but opened at $28.05. Nano Nuclear Energy shares last traded at $26.67, with a volume of 1,167,422 shares changing hands.

Analyst Upgrades and Downgrades

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

Nano Nuclear Energy Price Performance

The business has a 50 day simple moving average of $24.89 and a 200 day simple moving average of $18.98.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.08. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently bought and sold shares of the company. State Street Corp acquired a new position in Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Virtu Financial LLC bought a new stake in Nano Nuclear Energy during the 3rd quarter worth about $933,000. Citizens Financial Group Inc. RI acquired a new position in shares of Nano Nuclear Energy during the 2nd quarter worth about $2,016,000. XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at about $305,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy in the 2nd quarter valued at approximately $250,000.

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.