Nano Nuclear Energy (NASDAQ:NNE) Shares Down 1.4% – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares traded down 1.4% during mid-day trading on Tuesday . The company traded as low as $30.24 and last traded at $32.09. 2,694,935 shares were traded during mid-day trading, a decline of 37% from the average session volume of 4,292,731 shares. The stock had previously closed at $32.56.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright restated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Price Performance

The firm has a 50-day moving average price of $25.02 and a 200-day moving average price of $19.03.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, research analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently modified their holdings of the business. State Street Corp purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth $718,000. Virtu Financial LLC bought a new position in Nano Nuclear Energy in the third quarter valued at about $933,000. Citizens Financial Group Inc. RI purchased a new position in Nano Nuclear Energy in the second quarter worth about $2,016,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $305,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of Nano Nuclear Energy during the 2nd quarter valued at about $250,000.

Nano Nuclear Energy Company Profile

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.