Nano Nuclear Energy Sees Unusually High Options Volume (NASDAQ:NNE)

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

Hedge Funds Weigh In On Nano Nuclear Energy

Several institutional investors and hedge funds have recently made changes to their positions in NNE. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy in the 3rd quarter worth $25,000. Barclays PLC purchased a new stake in Nano Nuclear Energy in the third quarter worth $76,000. Fulton Bank N.A. purchased a new position in Nano Nuclear Energy during the 4th quarter valued at about $213,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Nano Nuclear Energy in the 4th quarter worth approximately $227,000. Finally, Commonwealth Equity Services LLC bought a new stake in Nano Nuclear Energy in the second quarter worth $250,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NNE. HC Wainwright restated a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th. Benchmark raised 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 Trading Up 13.3 %

Shares of NNE stock opened at $36.45 on Thursday. Nano Nuclear Energy has a 52-week low of $3.25 and a 52-week high of $37.51. The business’s fifty day moving average is $25.83 and its 200 day moving average is $19.01.

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, beating the consensus estimate of ($0.16) by $0.08. As a group, equities research analysts predict that Nano Nuclear Energy will post -0.92 earnings per share for the current year.

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.