Nano Nuclear Energy (NASDAQ:NNE) Shares Gap Up – Should You Buy?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) gapped up before the market opened on Monday . The stock had previously closed at $27.61, but opened at $29.00. Nano Nuclear Energy shares last traded at $27.87, with a volume of 1,101,932 shares traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NNE shares. HC Wainwright restated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark raised their price objective on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Stock Down 1.2 %

The firm has a 50 day moving average of $20.50 and a two-hundred day moving average of $15.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new stake in Nano Nuclear Energy in the 3rd quarter valued at approximately $76,000. Commonwealth Equity Services LLC acquired a new position in shares of Nano Nuclear Energy in the second quarter worth $250,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy in the third quarter valued at $305,000. State Street Corp acquired a new stake in shares of Nano Nuclear Energy during the third quarter valued at $718,000. Finally, Virtu Financial LLC purchased a new stake in Nano Nuclear Energy during the 3rd quarter worth about $933,000.

About Nano Nuclear Energy

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.