Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – What’s Next?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down before the market opened on Monday . The stock had previously closed at $38.62, but opened at $34.75. Nano Nuclear Energy shares last traded at $38.03, with a volume of 2,531,532 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NNE. 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. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Trading Down 0.7 %

The company has a fifty day moving average price of $27.93 and a 200 day moving average price of $19.75.

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

Hedge Funds Weigh In On Nano Nuclear Energy

A number of large investors have recently modified their holdings of the company. New York State Common Retirement Fund bought a new position in Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. purchased a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at $25,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the 3rd quarter valued at $76,000. Rhumbline Advisers raised its position in Nano Nuclear Energy by 64.8% in the 4th quarter. Rhumbline Advisers now owns 6,212 shares of the company’s stock worth $155,000 after purchasing an additional 2,442 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Nano Nuclear Energy in the fourth quarter worth $200,000.

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.