Traders Purchase Large Volume of Nano Nuclear Energy Call Options (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the target of unusually large options trading on Wednesday. Stock investors purchased 18,775 call options on the company. This is an increase of approximately 44% compared to the typical daily volume of 13,010 call options.

Nano Nuclear Energy Trading Up 13.3 %

Shares of NASDAQ NNE opened at $36.45 on Thursday. The company has a 50 day simple moving average of $25.83 and a 200 day simple moving average of $19.01. Nano Nuclear Energy has a 1 year low of $3.25 and a 1 year high of $37.51.

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

Hedge Funds Weigh In On Nano Nuclear Energy

A number of hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC bought a new position in shares of Nano Nuclear Energy during the 2nd quarter worth about $250,000. Citizens Financial Group Inc. RI boosted its position in shares of Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after buying an additional 643,000 shares during the last quarter. State Street Corp bought a new position in Nano Nuclear Energy during the 3rd quarter valued at $718,000. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter worth $305,000. Finally, Barclays PLC purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at about $76,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, November 27th. Benchmark upped 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.

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.