Bank of New York Mellon Corp Has $1.55 Million Stock Holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Key Points

• The Bank of New York Mellon Corp has increased its holdings in Nano Nuclear Energy Inc. by 206.8%, now owning approximately 0.16% of the company valued at $1.55 million.
• Analysts have a consensus rating of "Buy" on Nano Nuclear Energy, with a target price averaging $51.75, and several institutions have recently boosted their positions in the company.
• Nano Nuclear Energy reported an earnings loss of ($0.57) EPS for the last quarter, significantly missing the consensus estimate of ($0.11).

Bank of New York Mellon Corp raised its position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 206.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,530 shares of the company's stock after buying an additional 39,453 shares during the quarter. Bank of New York Mellon Corp owned about 0.16% of Nano Nuclear Energy worth $1,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. North Capital Inc. bought a new position in shares of Nano Nuclear Energy during the first quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $29,000. Aster Capital Management DIFC Ltd bought a new position in Nano Nuclear Energy in the 4th quarter worth approximately $30,000. KBC Group NV bought a new position in Nano Nuclear Energy in the 1st quarter worth approximately $31,000. Finally, JPMorgan Chase & Co. grew its holdings in Nano Nuclear Energy by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock worth $52,000 after buying an additional 331 shares in the last quarter.

Nano Nuclear Energy Stock Down 4.1%

NNE traded down $1.44 during midday trading on Friday, reaching $33.99. 3,017,081 shares of the company's stock were exchanged, compared to its average volume of 3,760,825. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -37.35 and a beta of 7.16. Nano Nuclear Energy Inc. has a one year low of $6.30 and a one year high of $48.05. The business has a 50-day simple moving average of $34.45 and a two-hundred day simple moving average of $30.14.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. LADENBURG THALM/SH SH started coverage on Nano Nuclear Energy in a research note on Thursday, July 10th. They set a "buy" rating and a $51.00 price target for the company. Northland Securities started coverage on Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price objective for the company. Finally, Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Nano Nuclear Energy currently has an average rating of "Buy" and a consensus price target of $51.75.

About Nano Nuclear Energy

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.