Nano Nuclear Energy Inc. $NNE Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Nano Nuclear Energy Inc. by 445.6%, now owning 59,291 shares valued at approximately $1,569,000.
• Several large investors, including BNP Paribas Financial Markets, have significantly increased their stakes in Nano Nuclear Energy, with BNP Paribas growing its holdings by an astonishing 15,411.5% during the last quarter.
• Analysts have varied opinions on Nano Nuclear Energy, with price targets ranging from $9.00 to $50.00, giving it an average target price of $41.25 and a consensus rating of "Moderate Buy".

Charles Schwab Investment Management Inc. boosted its position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 445.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,291 shares of the company's stock after purchasing an additional 48,424 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.16% of Nano Nuclear Energy worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

NNE has been the subject of several recent analyst reports. Northland Securities initiated coverage on Nano Nuclear Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $40.00 price target for the company. HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 15th. LADENBURG THALM/SH SH cut Nano Nuclear Energy from a "buy" rating to a "sell" rating and lowered their price target for the company from $51.00 to $9.00 in a report on Monday, August 18th. Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. Finally, BTIG Research initiated coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They issued a "neutral" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.25.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded up $0.49 during trading on Wednesday, reaching $33.10. 1,920,309 shares of the stock were exchanged, compared to its average volume of 3,779,681. Nano Nuclear Energy Inc. has a 12-month low of $6.52 and a 12-month high of $48.05. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -35.43 and a beta of 7.03. The firm's 50-day moving average price is $34.70 and its 200 day moving average price is $30.16.

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

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.