Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Down – What’s Next?

Posted by Xavier Holt on Nov 25th, 2024

Nano Nuclear Energy Inc. (NASDAQ:NNE – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $33.60, but opened at $29.98. Nano Nuclear Energy shares last traded at $28.00, with a volume of 1,554,998 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NNE shares. Benchmark raised 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. HC Wainwright assumed coverage on shares of Nano Nuclear Energy in a research report on Wednesday, October 30th. They issued a “buy” rating and a $50.00 target price on the stock.

Get Our Latest Research Report on NNE

Nano Nuclear Energy Stock Performance

The firm has a 50-day moving average price of $19.06 and a 200 day moving average price of $14.60.

Institutional Trading of Nano Nuclear Energy

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

About Nano Nuclear Energy

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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.