Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $25.50, but opened at $27.17. Nano Nuclear Energy shares last traded at $28.30, with a volume of 1,194,644 shares.

Wall Street Analysts Forecast Growth

NNE has been the topic of a number of research reports. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark upped their target price 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.

Nano Nuclear Energy Stock Performance

The firm has a market capitalization of $1.12 billion and a P/E ratio of -72.92. The firm has a 50-day moving average of $30.24 and a 200-day moving average of $22.16.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. Equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Several institutional investors have recently bought and sold shares of NNE. Citizens Financial Group Inc. RI lifted its position in 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 in the last quarter. State Street Corp bought a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $718,000. XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy during the third quarter worth $305,000. Barclays PLC bought a new position in Nano Nuclear Energy during the third quarter valued at approximately $76,000. Finally, Geode Capital Management LLC purchased a new stake in Nano Nuclear Energy during the third quarter valued at $954,000.

Nano Nuclear Energy Company Profile

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.