10,745 Shares in Nano Nuclear Energy Inc. $NNE Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC made a new investment of approximately $284,000 in Nano Nuclear Energy Inc. by purchasing 10,745 shares in the first quarter.
• A variety of institutional investors have increased their holdings in Nano Nuclear Energy, with Corebridge Financial Inc. marking a notable 441.9% increase in the same quarter.
• Nano Nuclear Energy's stock has received mixed analyst ratings, with a consensus price target of $41.25 and one firm downgrading the stock from "buy" to "sell."

Ieq Capital LLC purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,745 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NNE. North Capital Inc. bought a new stake in shares of Nano Nuclear Energy in the 1st quarter worth about $26,000. Marshall Investment Management LLC bought a new stake in shares of Nano Nuclear Energy during the 1st quarter valued at about $27,000. Ameriflex Group Inc. bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $29,000. KBC Group NV bought a new stake in shares of Nano Nuclear Energy during the 1st quarter valued at about $31,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Nano Nuclear Energy during the 1st quarter valued at about $40,000.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE traded down $0.29 during trading on Tuesday, reaching $31.59. The company had a trading volume of 615,250 shares, compared to its average volume of 3,725,760. The firm's fifty day moving average is $34.43 and its 200 day moving average is $30.17. The firm has a market capitalization of $1.31 billion, a PE ratio of -33.69 and a beta of 7.06. Nano Nuclear Energy Inc. has a twelve month low of $7.87 and a twelve month high of $48.05.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Northland Securities assumed coverage on shares of Nano Nuclear Energy in a research note on Monday, July 7th. They set an "outperform" rating and a $40.00 target price for the company. BTIG Research assumed coverage on shares of Nano Nuclear Energy in a research note on Thursday, August 28th. They set a "neutral" rating for the company. LADENBURG THALM/SH SH lowered shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and reduced their target price for the company from $51.00 to $9.00 in a research note on Monday, August 18th. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. Finally, HC Wainwright reissued a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

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.