Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 0.1% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares dropped 0.1% on Wednesday . The company traded as low as $30.40 and last traded at $31.47. Approximately 1,077,571 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 6,736,551 shares. The stock had previously closed at $31.50.

Wall Street Analysts Forecast Growth

NNE has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, January 29th. Benchmark lifted their price target 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 company has a 50 day simple moving average of $29.86 and a two-hundred day simple moving average of $21.44. The company has a market cap of $1.17 billion and a PE ratio of -77.50.

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

Hedge Funds Weigh In On Nano Nuclear Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $25,000. New York State Common Retirement Fund acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $30,000. IFP Advisors Inc lifted its holdings in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after buying an additional 1,277 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $66,000.

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.