Nano Nuclear Energy Target of Unusually High Options Trading (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) saw some unusual options trading activity on Wednesday. Stock traders acquired 23,795 call options on the stock. This represents an increase of approximately 117% compared to the average daily volume of 10,955 call options.

Institutional Investors Weigh In On Nano Nuclear Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Capital Inc. acquired a new stake in Nano Nuclear Energy in the 1st quarter valued at $26,000. Marshall Investment Management LLC acquired a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at approximately $27,000. Ameriflex Group Inc. acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $29,000. KBC Group NV acquired a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at approximately $31,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $30,000.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $32.29 on Friday. The company has a market cap of $1.21 billion and a PE ratio of -78.76. Nano Nuclear Energy has a 52-week low of $6.30 and a 52-week high of $48.05. The stock has a 50-day simple moving average of $26.06 and a 200 day simple moving average of $27.85.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.46). On average, research analysts predict that Nano Nuclear Energy will post -0.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.