Nano Nuclear Energy (NASDAQ:NNE) Receives Buy Rating from HC Wainwright

HC Wainwright reiterated their buy rating on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research report released on Monday,Benzinga reports. HC Wainwright currently has a $50.00 target price on the stock.

Nano Nuclear Energy Stock Down 1.2 %

Shares of NNE stock opened at $26.46 on Monday. The stock has a market cap of $980.95 million and a P/E ratio of -64.54. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The business has a fifty day simple moving average of $31.72 and a 200-day simple moving average of $25.43.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.09. On average, sell-side analysts anticipate that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Institutional Trading of Nano Nuclear Energy

A number of large investors have recently made changes to their positions in NNE. JPMorgan Chase & Co. purchased a new position in Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. acquired a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $29,000. New York State Common Retirement Fund acquired a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $30,000. Finally, IFP Advisors Inc grew its stake in Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after acquiring an additional 1,277 shares during the period.

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.