Nano Nuclear Energy (NASDAQ:NNE) Shares Up 0.7% – What’s Next?

Posted by Paula Ricardo on Dec 4th, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) shot up 0.7% on Monday . The company traded as high as $29.03 and last traded at $27.81. 1,425,799 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 3,305,231 shares. The stock had previously closed at $27.61.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NNE shares. 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. HC Wainwright reissued a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

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Nano Nuclear Energy Trading Up 6.0 %

The business has a 50-day simple moving average of $21.03 and a 200 day simple moving average of $15.72.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC bought a new stake in shares of Nano Nuclear Energy during the 2nd quarter valued at about $250,000. Citizens Financial Group Inc. RI purchased a new stake in Nano Nuclear Energy in the second quarter worth about $2,016,000. State Street Corp bought a new stake in Nano Nuclear Energy during the 3rd quarter valued at approximately $718,000. XTX Topco Ltd purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $305,000. Finally, Barclays PLC purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $76,000.

Nano Nuclear Energy Company Profile

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NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.