Free Trial

Koshinski Asset Management Inc. Invests $544,000 in Nano Nuclear Energy Inc. $NNE

Nano Nuclear Energy logo with Energy background

Key Points

  • Koshinski Asset Management Inc. invested approximately $544,000 in Nano Nuclear Energy Inc. by acquiring 15,780 shares in the second quarter.
  • Multiple institutional investors have also increased their holdings in Nano Nuclear Energy, with KLP Kapitalforvaltning AS raising its stake by 173.9% during the same period.
  • The latest earnings report revealed that Nano Nuclear Energy beat consensus estimates with a loss of ($0.19) per share, improving on the forecasted ($0.27).
  • Five stocks to consider instead of Nano Nuclear Energy.

Koshinski Asset Management Inc. acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,780 shares of the company's stock, valued at approximately $544,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. MGO One Seven LLC boosted its position in shares of Nano Nuclear Energy by 7.5% during the second quarter. MGO One Seven LLC now owns 14,664 shares of the company's stock worth $506,000 after buying an additional 1,028 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Nano Nuclear Energy during the second quarter worth about $262,000. IFP Advisors Inc raised its holdings in Nano Nuclear Energy by 27.9% during the second quarter. IFP Advisors Inc now owns 4,128 shares of the company's stock worth $142,000 after acquiring an additional 900 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in Nano Nuclear Energy by 173.9% during the second quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the company's stock worth $435,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Nano Nuclear Energy during the second quarter worth about $6,269,000.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $47.84 on Monday. The business's 50 day simple moving average is $38.71 and its two-hundred day simple moving average is $33.19. Nano Nuclear Energy Inc. has a 52-week low of $16.58 and a 52-week high of $60.87. The firm has a market cap of $1.99 billion, a P/E ratio of -51.44 and a beta of 6.80.

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, beating the consensus estimate of ($0.27) by $0.08. On average, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Friday, August 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. LADENBURG THALM/SH SH started coverage on Nano Nuclear Energy in a report on Thursday, July 10th. They set a "buy" rating and a $51.00 target price on the stock. Northland Securities started coverage on Nano Nuclear Energy in a research note on Monday, July 7th. They issued an "outperform" rating and a $40.00 price objective on the stock. Finally, Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.75.

Get Our Latest Report on Nano Nuclear Energy

Nano Nuclear Energy Company Profile

(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.

Further Reading

Want to see what other hedge funds are holding NNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report).

Institutional Ownership by Quarter for Nano Nuclear Energy (NASDAQ:NNE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Nano Nuclear Energy Right Now?

Before you consider Nano Nuclear Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nano Nuclear Energy wasn't on the list.

While Nano Nuclear Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.