Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares gapped down before the market opened on Monday . The stock had previously closed at $19.26, but opened at $17.94. Nano Nuclear Energy shares last traded at $17.40, with a volume of 1,546,578 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a report on Monday, July 15th. HC Wainwright started coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target on the stock.

Nano Nuclear Energy Stock Performance

The firm’s 50-day moving average price is $15.38.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Wednesday, August 14th. The company reported ($0.17) earnings per share for the quarter. Research analysts expect that Nano Nuclear Energy Inc. will post -0.46 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 10,665 shares of the company’s stock, valued at approximately $250,000.

About Nano Nuclear Energy

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.