Nano Nuclear Energy (NASDAQ:NNE) Shares Down 5.4% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price traded down 5.4% on Monday . The stock traded as low as $24.43 and last traded at $25.52. 830,920 shares were traded during mid-day trading, a decline of 79% from the average session volume of 3,884,262 shares. The stock had previously closed at $26.98.

Analysts Set New Price Targets

Separately, HC Wainwright restated 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 6.5 %

The firm has a market cap of $935.35 million and a price-to-earnings ratio of -61.54. The company has a 50 day moving average of $30.47 and a 200 day moving average of $23.22.

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

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently made changes to their positions in NNE. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy during the 3rd quarter worth about $25,000. Ameriflex Group Inc. bought a new stake in Nano Nuclear Energy in the 4th quarter valued at approximately $29,000. New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy during the 4th quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. Finally, IFP Advisors Inc raised its holdings in shares of Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after purchasing an additional 1,277 shares during the last quarter.

About Nano Nuclear Energy

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.