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

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $29.33, but opened at $28.20. Nano Nuclear Energy shares last traded at $28.55, with a volume of 277,476 shares changing hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Down 2.8 %

The business has a fifty day simple moving average of $31.55 and a two-hundred day simple moving average of $24.96. The company has a market cap of $1.06 billion and a P/E ratio of -69.85.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. On average, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Nano Nuclear Energy by 19.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company’s stock valued at $52,000 after purchasing an additional 331 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Nano Nuclear Energy in the fourth quarter worth about $29,000. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Nano Nuclear Energy during the 4th quarter valued at about $30,000. Finally, IFP Advisors Inc grew its stake in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after acquiring an additional 1,277 shares during the period.

Nano Nuclear Energy Company Profile

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.