Nano Nuclear Energy (NASDAQ:NNE) Now Covered by Analysts at HC Wainwright

Analysts at HC Wainwright assumed coverage on shares of Nano Nuclear Energy (NASDAQ:NNE) in a research note issued on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 139.23% from the company’s current price.

Separately, Benchmark reaffirmed a “buy” rating and issued a $39.00 target price on shares of Nano Nuclear Energy in a research report on Monday, July 15th.

Nano Nuclear Energy Stock Performance

Shares of Nano Nuclear Energy stock opened at $20.90 on Wednesday. The firm has a 50-day moving average price of $14.58. Nano Nuclear Energy has a one year low of $3.25 and a one year high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Wednesday, August 14th. The company reported ($0.17) EPS for the quarter.

Institutional Trading of Nano Nuclear Energy

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.