31,100 Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE) Purchased by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 31,100 shares of the company's stock, valued at approximately $774,000. Central Asset Investments & Management Holdings HK Ltd owned about 0.08% of Nano Nuclear Energy at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI grew its position in Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company's stock worth $10,505,000 after purchasing an additional 643,000 shares during the last quarter. State Street Corp acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth $718,000. XTX Topco Ltd purchased a new stake in shares of Nano Nuclear Energy during the third quarter valued at $305,000. Barclays PLC purchased a new stake in shares of Nano Nuclear Energy during the third quarter valued at $76,000. Finally, Geode Capital Management LLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $954,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on NNE. HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th. Benchmark lifted their target price 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 4.5 %

Shares of NNE stock traded up $1.24 during trading hours on Friday, hitting $28.79. The company's stock had a trading volume of 3,980,568 shares, compared to its average volume of 6,243,072. The stock has a market cap of $1.07 billion and a PE ratio of -70.22. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $48.05. The company has a 50 day moving average of $30.50 and a 200 day moving average of $22.50.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. As a group, analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Nano Nuclear Energy 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.