What is HC Wainwright’s Forecast for NNE FY2024 Earnings?

Nano Nuclear Energy Inc. (NASDAQ:NNE) – HC Wainwright issued their FY2024 earnings per share (EPS) estimates for Nano Nuclear Energy in a research report issued on Wednesday, October 30th. HC Wainwright analyst S. Joshi expects that the company will earn ($0.46) per share for the year. HC Wainwright currently has a “Buy” rating and a $50.00 target price on the stock. HC Wainwright also issued estimates for Nano Nuclear Energy’s Q4 2024 earnings at ($0.16) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.24) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($0.92) EPS, FY2026 earnings at ($1.16) EPS, FY2027 earnings at ($1.53) EPS, FY2028 earnings at ($1.95) EPS and FY2029 earnings at ($2.25) EPS.

Separately, Benchmark reiterated a “buy” rating and issued a $39.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Stock Down 1.5 %

Shares of NASDAQ:NNE opened at $19.26 on Friday. The firm’s 50 day simple moving average is $15.13. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Hedge Funds Weigh In On Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC purchased a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,665 shares of the company’s stock, valued at approximately $250,000.

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.