Nano Nuclear Energy (NASDAQ:NNE) Trading Up 9.7% – Time to Buy?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares were up 9.7% during trading on Friday . The stock traded as high as $26.64 and last traded at $26.24. Approximately 1,652,600 shares were traded during trading, an increase of 1% from the average daily volume of 1,637,897 shares. The stock had previously closed at $23.93.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NNE shares. HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark increased their price objective 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.

Nano Nuclear Energy Trading Up 13.7 %

The firm’s 50-day moving average price is $24.34 and its two-hundred day moving average price is $18.53.

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, topping analysts’ consensus estimates of ($0.16) by $0.08. Analysts expect that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NNE. JPMorgan Chase & Co. acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at $25,000. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy in the third quarter valued at approximately $933,000. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth $76,000. Geode Capital Management LLC acquired a new position in shares of Nano Nuclear Energy during the third quarter worth $954,000. Finally, XTX Topco Ltd purchased a new position in Nano Nuclear Energy in the third quarter valued at $305,000.

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.