Nano Nuclear Energy (NASDAQ:NNE) Trading Up 12.4% – What’s Next?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) traded up 12.4% during trading on Monday . The stock traded as high as $30.60 and last traded at $30.36. 2,840,810 shares were traded during trading, an increase of 1% from the average session volume of 2,820,145 shares. The stock had previously closed at $27.01.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Benchmark raised their price objective on shares of 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 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th.

Nano Nuclear Energy Stock Up 18.3 %

The business’s fifty day simple moving average is $24.49 and its 200-day simple moving average is $18.75.

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. On average, equities research analysts predict that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

A number of institutional investors and hedge funds have recently bought and sold shares of NNE. Citizens Financial Group Inc. RI boosted its stake in shares of Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after purchasing an additional 643,000 shares during the period. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $954,000. Virtu Financial LLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $933,000. State Street Corp bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $718,000. Finally, XTX Topco Ltd bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $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.