HC Wainwright Reiterates Buy Rating for Nano Nuclear Energy (NASDAQ:NNE)

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $50.00 price objective on the stock. HC Wainwright’s target price points to a potential upside of 86.78% from the company’s previous close.

Separately, Benchmark increased their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Price Performance

Nano Nuclear Energy stock opened at $26.77 on Wednesday. The company’s 50-day moving average price is $20.21 and its two-hundred day moving average price is $15.06. Nano Nuclear Energy has a twelve month low of $3.25 and a twelve month high of $37.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NNE. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth $76,000. Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy during the second quarter worth about $250,000. XTX Topco Ltd acquired a new stake in Nano Nuclear Energy during the third quarter worth about $305,000. State Street Corp bought a new position in Nano Nuclear Energy in the 3rd quarter valued at about $718,000. Finally, Virtu Financial LLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $933,000.

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.