Cetera Investment Advisers Grows Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Key Points

• Cetera Investment Advisers increased its holdings in Nano Nuclear Energy by 168.7%, acquiring an additional 28,748 shares and bringing its total to 45,789 shares valued at approximately $1.2 million.
• Several analysts have given positive ratings for Nano Nuclear Energy, with Northland Securities issuing an "outperform" rating and a price target of $40.00, while LADENBURG THALM/SH SH set a target price of $51.00.
• The stock has shown significant volatility, with a 12-month low of $6.30 and a high of $48.05, currently trading at around $35.37.

Cetera Investment Advisers raised its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 168.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,789 shares of the company's stock after acquiring an additional 28,748 shares during the period. Cetera Investment Advisers owned approximately 0.12% of Nano Nuclear Energy worth $1,212,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NNE. LPL Financial LLC bought a new position in Nano Nuclear Energy during the 4th quarter worth approximately $2,596,000. Franklin Resources Inc. purchased a new stake in Nano Nuclear Energy in the fourth quarter worth $1,036,000. SG Americas Securities LLC boosted its position in shares of Nano Nuclear Energy by 113.8% during the first quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock valued at $783,000 after purchasing an additional 15,747 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $1,253,000. Finally, New York State Common Retirement Fund boosted its position in shares of Nano Nuclear Energy by 533.3% during the first quarter. New York State Common Retirement Fund now owns 7,600 shares of the company's stock valued at $201,000 after purchasing an additional 6,400 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on NNE shares. Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. LADENBURG THALM/SH SH started coverage on Nano Nuclear Energy in a research report on Thursday, July 10th. They set a "buy" rating and a $51.00 price objective for the company. Finally, 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. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $51.75.

Nano Nuclear Energy Stock Down 2.5%

NASDAQ:NNE traded down $0.89 during mid-day trading on Thursday, hitting $35.20. 1,638,541 shares of the company traded hands, compared to its average volume of 3,853,444. The stock's fifty day moving average price is $35.19 and its 200-day moving average price is $30.50. Nano Nuclear Energy Inc. has a one year low of $6.52 and a one year high of $48.05. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -38.78 and a beta of 7.15.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). Equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current 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.