Nano Nuclear Energy (NASDAQ:NNE) Trading Up 2.8% – Still a Buy?

Posted by KOP Source Staff on Nov 20th, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report)’s share price was up 2.8% on Monday . The stock traded as high as $22.62 and last traded at $22.30. Approximately 904,560 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 3,082,585 shares. The stock had previously closed at $21.70.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NNE shares. HC Wainwright started coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price target for the company. Benchmark lifted 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.

View Our Latest Analysis on Nano Nuclear Energy

Nano Nuclear Energy Stock Up 11.3 %

The stock has a 50 day moving average of $18.09.

Institutional Investors Weigh In On Nano Nuclear Energy

Several large investors have recently bought and sold shares of NNE. Citizens Financial Group Inc. RI purchased a new stake in shares of Nano Nuclear Energy in the second quarter valued at approximately $2,016,000. Commonwealth Equity Services LLC acquired a new position in Nano Nuclear Energy in the second quarter valued at approximately $250,000. Barclays PLC acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $76,000. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy in the third quarter valued at approximately $954,000. Finally, State Street Corp acquired a new position in Nano Nuclear Energy during the third quarter worth $718,000.

Nano Nuclear Energy Company Profile

(Get Free Report)

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.