Nano Nuclear Energy (NASDAQ:NNE) Receives Buy Rating from HC Wainwright

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating restated by HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $50.00 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 86.78% from the stock’s current price.

Nano Nuclear Energy Stock Down 5.2 %

Shares of NASDAQ:NNE opened at $26.77 on Monday. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The firm’s 50-day simple moving average is $31.68 and its 200-day simple moving average is $25.33. The company has a market cap of $992.44 million and a price-to-earnings ratio of -65.29.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. On average, research analysts forecast that Nano Nuclear Energy will post -0.92 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NNE. State Street Corp acquired a new position in shares of Nano Nuclear Energy during the 3rd quarter worth $718,000. XTX Topco Ltd purchased a new stake in Nano Nuclear Energy during the third quarter worth about $305,000. Barclays PLC acquired a new position in Nano Nuclear Energy during the third quarter worth about $76,000. Geode Capital Management LLC purchased a new position in Nano Nuclear Energy in the third quarter valued at about $954,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at approximately $933,000.

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.