Traders Buy High Volume of Nano Nuclear Energy Call Options (NASDAQ:NNE)

Nano Nuclear Energy Inc. (NASDAQ:NNE) was the target of some unusual options trading on Wednesday. Stock investors purchased 18,775 call options on the stock. This is an increase of approximately 44% compared to the average volume of 13,010 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI boosted its position in Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after purchasing an additional 643,000 shares during the last quarter. Geode Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $954,000. Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $933,000. State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $718,000. Finally, XTX Topco Ltd acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $305,000.

Nano Nuclear Energy Stock Up 6.4 %

Shares of NNE stock traded up $2.07 on Wednesday, hitting $34.25. 6,480,542 shares of the stock were exchanged, compared to its average volume of 5,104,788. The business has a 50-day moving average of $25.83 and a 200 day moving average of $19.01. Nano Nuclear Energy has a fifty-two week low of $3.25 and a fifty-two week high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.08. On average, sell-side analysts anticipate that Nano Nuclear Energy will post -0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NNE shares. HC Wainwright restated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 7th.

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.