Cetera Investment Advisers Acquires Shares of 17,041 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Cetera Investment Advisers acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,041 shares of the company's stock, valued at approximately $424,000.

Several other institutional investors also recently bought and sold shares of NNE. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy during the third quarter worth about $25,000. SG Americas Securities LLC purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $345,000. Perigon Wealth Management LLC acquired a new position in Nano Nuclear Energy during the 4th quarter worth approximately $2,564,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Nano Nuclear Energy in the 4th quarter worth approximately $227,000. Finally, Caprock Group LLC acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $874,000.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Monday, March 31st.

Nano Nuclear Energy Stock Down 5.5%

Shares of Nano Nuclear Energy stock traded down $1.72 during trading hours on Friday, hitting $29.42. 3,413,373 shares of the company's stock traded hands, compared to its average volume of 3,744,359. Nano Nuclear Energy Inc. has a twelve month low of $6.08 and a twelve month high of $48.05. The company has a market cap of $1.10 billion and a PE ratio of -71.76. The stock has a 50 day simple moving average of $25.13 and a 200-day simple moving average of $27.47.

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

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.