Nano Nuclear Energy (NASDAQ:NNE) Trading 1.2% Higher – Time to Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price shot up 1.2% on Thursday . The stock traded as high as $31.99 and last traded at $31.63. 541,984 shares were traded during mid-day trading, a decline of 86% from the average session volume of 3,813,576 shares. The stock had previously closed at $31.26.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Trading Down 2.4 %

The business has a 50-day moving average of $30.96 and a 200 day moving average of $24.35. The firm has a market capitalization of $1.12 billion and a P/E ratio of -73.63.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Hedge Funds Weigh In On Nano Nuclear Energy

Several large investors have recently added to or reduced their stakes in the business. State Street Corp purchased a new stake in shares of Nano Nuclear Energy in the third quarter worth approximately $718,000. XTX Topco Ltd bought a new stake in Nano Nuclear Energy during the third quarter worth $305,000. Barclays PLC purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at $76,000. Geode Capital Management LLC bought a new position in Nano Nuclear Energy during the 3rd quarter valued at $954,000. Finally, Virtu Financial LLC purchased a new position in Nano Nuclear Energy during the 3rd quarter worth $933,000.

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.