Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 2.6% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares fell 2.6% during trading on Tuesday . The company traded as low as $31.80 and last traded at $32.08. 612,585 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 5,008,248 shares. The stock had previously closed at $32.93.

Analysts Set New Price Targets

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

Nano Nuclear Energy Trading Down 3.5 %

The firm has a market capitalization of $1.05 billion and a PE ratio of -69.05. The company has a fifty day moving average price of $31.55 and a two-hundred day moving average price of $24.96.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data 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, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Citizens Financial Group Inc. RI increased its holdings in shares of Nano Nuclear Energy by 23.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company’s stock valued at $22,406,000 after purchasing an additional 171,000 shares in the last quarter. Anson Funds Management LP purchased a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $20,746,000. Hudson Bay Capital Management LP acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $19,642,000. Vanguard Group Inc. lifted its stake in Nano Nuclear Energy by 2,838.5% in the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company’s stock valued at $17,068,000 after buying an additional 662,287 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Nano Nuclear Energy during the 4th quarter valued at $11,311,000.

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.