Nano Nuclear Energy (NASDAQ:NNE) Receives “Buy” Rating from HC Wainwright

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating reissued by HC Wainwright in a research report issued on Wednesday,Benzinga reports. They currently have a $50.00 price objective on the stock. HC Wainwright’s price objective points to a potential upside of 36.44% from the company’s previous close.

Separately, Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded up $1.86 during trading on Wednesday, reaching $36.65. The stock had a trading volume of 7,461,966 shares, compared to its average volume of 7,159,858. The business has a fifty day moving average price of $27.36 and a 200-day moving average price of $19.43. Nano Nuclear Energy has a 1-year low of $3.25 and a 1-year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, equities research analysts expect that Nano Nuclear Energy will post -0.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI raised its stake 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. Perigon Wealth Management LLC acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at approximately $2,564,000. Geode Capital Management LLC purchased a new stake in Nano Nuclear Energy in the third quarter valued at approximately $954,000. Virtu Financial LLC acquired a new position in Nano Nuclear Energy during the third quarter worth $933,000. Finally, State Street Corp acquired a new position in Nano Nuclear Energy during the third quarter worth $718,000.

About Nano Nuclear Energy

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.