Millennium Management LLC bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,322 shares of the company's stock, valued at approximately $1,253,000. Millennium Management LLC owned approximately 0.14% of Nano Nuclear Energy at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $25,000. New York State Common Retirement Fund bought a new stake in Nano Nuclear Energy during the fourth quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new position in Nano Nuclear Energy in the fourth quarter worth approximately $30,000. IFP Advisors Inc grew its position in Nano Nuclear Energy by 638.5% in 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, SBI Securities Co. Ltd. bought a new position in shares of Nano Nuclear Energy in the fourth quarter valued at $66,000.
Nano Nuclear Energy Stock Performance
Shares of NASDAQ:NNE traded up $2.76 during midday trading on Friday, reaching $31.19. The company had a trading volume of 3,233,937 shares, compared to its average volume of 3,782,570. The company has a fifty day simple moving average of $25.24 and a two-hundred day simple moving average of $27.70. The firm has a market cap of $1.17 billion and a price-to-earnings ratio of -76.07. Nano Nuclear Energy Inc. has a 1-year low of $6.30 and a 1-year high of $48.05.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.46). Analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, HC Wainwright reiterated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, March 31st.
Check Out Our Latest Research Report on NNE
Nano Nuclear Energy Company Profile
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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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