Cornerstone Wealth Management LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,805 shares of the company's stock, valued at approximately $233,000.
Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new position in Nano Nuclear Energy during the fourth quarter worth about $29,000. Aster Capital Management DIFC Ltd bought a new position in Nano Nuclear Energy during the fourth quarter worth about $30,000. New York State Common Retirement Fund bought a new position in Nano Nuclear Energy during the fourth quarter worth about $30,000. IFP Advisors Inc boosted its holdings in Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after buying an additional 1,277 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Nano Nuclear Energy by 19.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock worth $52,000 after buying an additional 331 shares during the last quarter.
Nano Nuclear Energy Trading Down 1.7%
Shares of NASDAQ:NNE traded down $0.66 during trading on Friday, hitting $37.31. 8,739,713 shares of the company's stock traded hands, compared to its average volume of 3,936,056. Nano Nuclear Energy Inc. has a 52 week low of $6.30 and a 52 week high of $48.05. The company has a market cap of $1.55 billion and a price-to-earnings ratio of -41.00. The company has a 50-day moving average price of $27.48 and a 200-day moving average price of $28.21.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.46). On average, analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Check Out Our Latest Stock Report on NNE
About Nano Nuclear Energy
(
Free Report)
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.
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