Nano Nuclear Energy (NASDAQ:NNE) Trading 7.1% Higher – Still a Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) was up 7.1% during trading on Wednesday . The company traded as high as $35.77 and last traded at $34.47. Approximately 5,132,095 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 5,004,004 shares. The stock had previously closed at $32.18.

Analysts Set New Price Targets

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

Nano Nuclear Energy Trading Up 4.1 %

The stock has a 50-day moving average price of $26.50 and a 200 day moving average price of $19.30.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. Research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $25,000. Barclays PLC acquired a new stake in Nano Nuclear Energy in the 3rd quarter valued at $76,000. Fulton Bank N.A. bought a new stake in Nano Nuclear Energy during the 4th quarter worth about $213,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $227,000. Finally, SG Americas Securities LLC bought a new position in shares of Nano Nuclear Energy in the 4th quarter valued at about $345,000.

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.