Nano Nuclear Energy (NASDAQ:NNE) Stock Price Down 3.2% – Time to Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE) shares fell 3.2% on Tuesday . The stock traded as low as $32.64 and last traded at $32.20. 3,376,737 shares traded hands during trading, a decline of 51% from the average session volume of 6,939,480 shares. The stock had previously closed at $33.26.

Wall Street Analyst Weigh In

NNE has been the topic of several recent analyst reports. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark boosted their price objective 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.

Nano Nuclear Energy Trading Up 4.6 %

The firm’s 50-day moving average price is $27.17 and its 200 day moving average price is $19.36.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy during the third quarter worth $76,000. Newbridge Financial Services Group Inc. purchased a new position in Nano Nuclear Energy in the fourth quarter worth $200,000. Fulton Bank N.A. bought a new position in Nano Nuclear Energy in the 4th quarter valued at $213,000. Finally, Financial Advocates Investment Management purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at $219,000.

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.