Nano Nuclear Energy (NASDAQ:NNE) Trading 17.5% Higher – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares were up 17.5% during trading on Tuesday . The stock traded as high as $28.99 and last traded at $29.04. Approximately 3,028,629 shares were traded during trading, a decline of 31% from the average daily volume of 4,374,616 shares. The stock had previously closed at $24.71.

Analyst Ratings Changes

NNE has been the subject of a number of research analyst reports. Benchmark lifted their target price 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 restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, November 27th.

Nano Nuclear Energy Trading Up 17.3 %

The stock has a fifty day moving average of $26.10 and a 200 day moving average of $19.14.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Monday, December 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. Analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A number of hedge funds have recently modified their holdings of the stock. Citizens Financial Group Inc. RI increased its holdings in Nano Nuclear Energy by 747.7% in the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after buying an additional 643,000 shares in the last quarter. Perigon Wealth Management LLC acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $2,564,000. Geode Capital Management LLC purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at about $954,000. Virtu Financial LLC acquired a new position in Nano Nuclear Energy in the 3rd quarter worth about $933,000. Finally, State Street Corp purchased a new position in Nano Nuclear Energy during the third quarter worth approximately $718,000.

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.