Nano Nuclear Energy Sees Unusually Large Options Volume (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNEGet Free Report) was the target of some unusual options trading activity on Friday. Investors bought 51,678 call options on the company. This is an increase of 327% compared to the typical volume of 12,107 call options.

Nano Nuclear Energy Trading Up 30.1%

Shares of NNE stock opened at $35.86 on Friday. Nano Nuclear Energy has a 12 month low of $3.95 and a 12 month high of $48.05. The stock has a market cap of $1.34 billion and a P/E ratio of -87.46. The company has a 50 day simple moving average of $24.96 and a two-hundred day simple moving average of $27.13.

Nano Nuclear Energy (NASDAQ:NNEGet Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.46). As a group, equities analysts forecast that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Read Our Latest Research Report on Nano Nuclear Energy

Hedge Funds Weigh In On Nano Nuclear Energy

A number of hedge funds have recently modified their holdings of NNE. JPMorgan Chase & Co. bought a new position in shares of Nano Nuclear Energy in the third quarter worth approximately $25,000. North Capital Inc. bought a new position in shares of Nano Nuclear Energy in the first quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Nano Nuclear Energy in the first quarter worth approximately $27,000. Ameriflex Group Inc. bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth approximately $29,000. Finally, New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth approximately $30,000.

Nano Nuclear Energy Company Profile

(Get Free Report)

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.

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