HC Wainwright Reaffirms “Buy” Rating for Nano Nuclear Energy (NASDAQ:NNE)

Nano Nuclear Energy (NASDAQ:NNE)‘s stock had its “buy” rating reiterated by HC Wainwright in a report issued on Friday,Benzinga reports. They currently have a $50.00 price objective on the stock. HC Wainwright’s price objective would suggest a potential upside of 39.31% from the company’s current price.

A number of other research firms also recently commented on NNE. Northland Securities began coverage on Nano Nuclear Energy in a report on Monday, July 7th. They issued an “outperform” rating and a $40.00 price objective on the stock. Northland Capmk upgraded Nano Nuclear Energy to a “strong-buy” rating in a report on Monday, July 7th. Finally, LADENBURG THALM/SH SH began coverage on Nano Nuclear Energy in a report on Thursday, July 10th. They issued a “buy” rating and a $51.00 price objective on the stock. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $51.75.

Nano Nuclear Energy Stock Performance

NNE opened at $35.89 on Friday. Nano Nuclear Energy has a one year low of $6.52 and a one year high of $48.05. The business’s fifty day moving average is $35.42 and its two-hundred day moving average is $30.48. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -38.59 and a beta of 7.15.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. On average, analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. North Capital Inc. acquired a new position in Nano Nuclear Energy during the 1st quarter worth $26,000. Marshall Investment Management LLC acquired a new stake in shares of Nano Nuclear Energy in the first quarter valued at $27,000. Ameriflex Group Inc. acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at $29,000. KBC Group NV acquired a new stake in shares of Nano Nuclear Energy in the first quarter valued at $31,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Nano Nuclear Energy in the first quarter valued at $40,000.

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.