Swiss National Bank Buys Shares of 46,100 Nano Nuclear Energy Inc. $NNE

Key Points

• The Swiss National Bank acquired a new position in Nano Nuclear Energy Inc., purchasing 46,100 shares valued at approximately $1.22 million during the first quarter.
• Despite a recent stock downturn, Nano Nuclear Energy reported a quarterly earnings per share of ($0.19), beating the analyst consensus estimate of ($0.27).
• Analyst ratings for Nano Nuclear Energy show a mixed outlook, with one firm downgrading the stock to a sell while others maintain a buy or strong-buy rating, indicating a consensus target price of $41.25.

Swiss National Bank acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 46,100 shares of the company's stock, valued at approximately $1,220,000. Swiss National Bank owned approximately 0.12% of Nano Nuclear Energy at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. North Capital Inc. acquired a new position in Nano Nuclear Energy during the 1st quarter worth $26,000. Marshall Investment Management LLC acquired a new position in Nano Nuclear Energy during the 1st quarter worth $27,000. Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy during the 4th quarter worth $29,000. KBC Group NV acquired a new position in Nano Nuclear Energy during the 1st quarter worth $31,000. Finally, JPMorgan Chase & Co. grew its holdings in Nano Nuclear Energy by 19.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock worth $52,000 after acquiring an additional 331 shares in the last quarter.

Nano Nuclear Energy Trading Down 5.7%

Nano Nuclear Energy stock traded down $1.96 during midday trading on Friday, reaching $32.54. 2,036,918 shares of the stock traded hands, compared to its average volume of 2,865,349. The firm has a fifty day moving average price of $34.90 and a two-hundred day moving average price of $30.17. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -34.99 and a beta of 7.15. Nano Nuclear Energy Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. Analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analyst Ratings Changes

NNE has been the subject of several recent analyst reports. BTIG Research began coverage on shares of Nano Nuclear Energy in a report on Thursday. They set a "neutral" rating for the company. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. LADENBURG THALM/SH SH lowered shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and decreased their price target for the company from $51.00 to $9.00 in a report on Monday, August 18th. Northland Securities began coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $40.00 price target for the company. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.25.

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.