Brokers Offer Predictions for NNE FY2024 Earnings

Nano Nuclear Energy Inc. (NASDAQ:NNE) – Equities researchers at HC Wainwright issued their FY2024 earnings per share estimates for shares of Nano Nuclear Energy in a research report issued to clients and investors on Wednesday, October 30th. HC Wainwright analyst S. Joshi anticipates that the company will post earnings per share of ($0.46) for the year. HC Wainwright currently has a “Buy” rating and a $50.00 target price on the stock. HC Wainwright also issued estimates for Nano Nuclear Energy’s Q4 2024 earnings at ($0.16) EPS, Q1 2025 earnings at ($0.18) EPS, Q2 2025 earnings at ($0.21) EPS, Q3 2025 earnings at ($0.24) EPS, Q4 2025 earnings at ($0.29) EPS, FY2025 earnings at ($0.92) EPS, FY2026 earnings at ($1.16) EPS, FY2027 earnings at ($1.53) EPS, FY2028 earnings at ($1.95) EPS and FY2029 earnings at ($2.25) EPS.

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

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $19.26 on Friday. Nano Nuclear Energy has a 12-month low of $3.25 and a 12-month high of $37.51. The business has a fifty day moving average of $15.13.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned approximately 0.30% of Nano Nuclear Energy at the end of the most recent quarter.

Nano Nuclear Energy Company Profile

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.