Nano Nuclear Energy (NASDAQ:NNE) Stock Price Up 2% – Should You Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) rose 2% during mid-day trading on Friday . The company traded as high as $39.25 and last traded at $39.18. Approximately 2,607,056 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 3,866,507 shares. The stock had previously closed at $38.43.

Wall Street Analyst Weigh In

NNE has been the topic of a number of analyst reports. LADENBURG THALM/SH SH began coverage on Nano Nuclear Energy in a research note on Thursday, July 10th. They set a “buy” rating and a $51.00 price objective on the stock. HC Wainwright reissued a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. Finally, BTIG Research started coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Nano Nuclear Energy Trading Up 2.0%

The stock’s 50 day moving average price is $41.75 and its 200 day moving average price is $35.19. The firm has a market cap of $1.97 billion, a PE ratio of -42.13 and a beta of 6.80.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. Analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Nano Nuclear Energy by 445.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company’s stock valued at $1,569,000 after buying an additional 48,424 shares during the last quarter. Swiss National Bank acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at about $1,220,000. New York State Common Retirement Fund raised its position in shares of Nano Nuclear Energy by 533.3% during the 1st quarter. New York State Common Retirement Fund now owns 7,600 shares of the company’s stock worth $201,000 after purchasing an additional 6,400 shares during the period. Cetera Investment Advisers grew its stake in Nano Nuclear Energy by 168.7% during the 1st quarter. Cetera Investment Advisers now owns 45,789 shares of the company’s stock worth $1,212,000 after buying an additional 28,748 shares during the last quarter. Finally, Optimize Financial Inc acquired a new stake in Nano Nuclear Energy in the first quarter worth $217,000.

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.