Cambridge Investment Research Advisors Inc. Acquires 18,188 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Cambridge Investment Research Advisors Inc. boosted its position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 43.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 60,103 shares of the company's stock after purchasing an additional 18,188 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.16% of Nano Nuclear Energy worth $1,590,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NNE. Ameriflex Group Inc. bought a new stake in Nano Nuclear Energy in the 4th quarter worth about $29,000. Aster Capital Management DIFC Ltd bought a new position in shares of Nano Nuclear Energy during the 4th quarter valued at approximately $30,000. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy during the 4th quarter valued at approximately $30,000. IFP Advisors Inc grew its position in shares of Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after acquiring an additional 1,277 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Nano Nuclear Energy by 19.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after acquiring an additional 331 shares during the period.

Analysts Set New Price Targets

Separately, HC Wainwright reissued a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Monday, March 31st.

Nano Nuclear Energy Price Performance

Shares of Nano Nuclear Energy stock traded up $0.50 on Friday, reaching $33.45. 1,517,317 shares of the company traded hands, compared to its average volume of 3,820,705. Nano Nuclear Energy Inc. has a 52 week low of $6.30 and a 52 week high of $48.05. The company has a 50 day moving average of $30.23 and a 200 day moving average of $28.90. The firm has a market capitalization of $1.39 billion, a PE ratio of -36.75 and a beta of 7.29.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). As a group, analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Nano Nuclear Energy Company Profile

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.