Nano Nuclear Energy (NASDAQ:NNE) Price Target Raised to $66.00

Nano Nuclear Energy (NASDAQ:NNE) had its target price hoisted by Benchmark from $39.00 to $66.00 in a research report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright initiated coverage on Nano Nuclear Energy in a research note on Wednesday, October 30th. They issued a “buy” rating and a $50.00 price objective on the stock.

Nano Nuclear Energy Stock Performance

NNE stock traded up $1.12 during trading on Thursday, reaching $22.82. The stock had a trading volume of 6,209,282 shares, compared to its average volume of 5,961,855. Nano Nuclear Energy has a one year low of $3.25 and a one year high of $37.51. The stock has a 50 day moving average price of $16.03.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter. On average, sell-side analysts forecast that Nano Nuclear Energy will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Nano Nuclear Energy

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,665 shares of the company’s stock, valued at approximately $250,000.

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.