Invesco Ltd. purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,093 shares of the company's stock, valued at approximately $320,000.
A number of other large investors have also recently added to or reduced their stakes in NNE. North Capital Inc. acquired a new position in Nano Nuclear Energy in the 1st quarter worth approximately $26,000. Marshall Investment Management LLC purchased a new stake in shares of Nano Nuclear Energy in the first quarter valued at $27,000. Ameriflex Group Inc. acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter worth $29,000. KBC Group NV purchased a new position in shares of Nano Nuclear Energy during the first quarter valued at $31,000. Finally, IFP Advisors Inc raised its position in Nano Nuclear Energy by 118.6% during the first quarter. IFP Advisors Inc now owns 3,228 shares of the company's stock valued at $85,000 after buying an additional 1,751 shares during the period.
Nano Nuclear Energy Price Performance
Shares of NNE stock traded down $1.13 on Wednesday, hitting $31.44. The company's stock had a trading volume of 2,384,232 shares, compared to its average volume of 2,437,908. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -33.81 and a beta of 7.03. Nano Nuclear Energy Inc. has a fifty-two week low of $8.71 and a fifty-two week high of $48.05. The firm's fifty day moving average price is $34.40 and its 200-day moving average price is $30.20.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced 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. Analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on NNE. LADENBURG THALM/SH SH lowered shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and reduced their price target for the stock from $51.00 to $9.00 in a research report on Monday, August 18th. Northland Securities started coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They set an "outperform" rating and a $40.00 price target on the stock. HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Friday, August 15th. BTIG Research initiated coverage on Nano Nuclear Energy in a research report on Thursday, August 28th. They set a "neutral" rating for the company. Finally, Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Nano Nuclear Energy has a consensus rating of "Moderate Buy" and a consensus target price of $41.25.
View Our Latest 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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