Nano Nuclear Energy (NASDAQ:NNE) Trading 2.6% Higher – Here’s What Happened

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price shot up 2.6% during mid-day trading on Friday . The stock traded as high as $44.72 and last traded at $43.86. 4,508,739 shares were traded during trading, a decline of 28% from the average session volume of 6,281,534 shares. The stock had previously closed at $42.74.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NNE. Benchmark boosted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. 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, November 27th.

Nano Nuclear Energy Stock Up 5.9 %

The business has a fifty day moving average of $26.50 and a 200-day moving average of $19.30.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. As a group, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Trading of Nano Nuclear Energy

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new stake in Nano Nuclear Energy during the third quarter worth $25,000. Barclays PLC acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $76,000. Fulton Bank N.A. acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth $213,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth $227,000. Finally, XTX Topco Ltd acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $305,000.

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.