Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – Should You Sell?

Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped down prior to trading on Friday . The stock had previously closed at $22.64, but opened at $21.50. Nano Nuclear Energy shares last traded at $21.27, with a volume of 991,997 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have commented on NNE shares. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright began coverage on shares of Nano Nuclear Energy in a report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price objective for the company.

Nano Nuclear Energy Price Performance

The company’s fifty day moving average price is $17.45.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new position in Nano Nuclear Energy in the 3rd quarter worth approximately $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy in the second quarter worth $250,000. XTX Topco Ltd bought a new position in Nano Nuclear Energy during the third quarter worth $305,000. State Street Corp acquired a new position in Nano Nuclear Energy during the 3rd quarter valued at $718,000. Finally, Geode Capital Management LLC bought a new stake in Nano Nuclear Energy in the 3rd quarter valued at $954,000.

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.