Sharpepoint LLC Has $1.75 Million Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Sharpepoint LLC raised its position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 469.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,034 shares of the company's stock after buying an additional 54,438 shares during the period. Nano Nuclear Energy accounts for about 1.5% of Sharpepoint LLC's investment portfolio, making the stock its 29th biggest position. Sharpepoint LLC owned 0.18% of Nano Nuclear Energy worth $1,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NNE. LPL Financial LLC bought a new position in Nano Nuclear Energy in the fourth quarter valued at $2,596,000. Franklin Resources Inc. acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth about $1,036,000. SG Americas Securities LLC raised its stake in Nano Nuclear Energy by 113.8% in the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after purchasing an additional 15,747 shares in the last quarter. Millennium Management LLC acquired a new stake in Nano Nuclear Energy in the 4th quarter worth about $1,253,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Nano Nuclear Energy in the 4th quarter valued at about $271,000.

Wall Street Analysts Forecast Growth

NNE has been the topic of several research reports. LADENBURG THALM/SH SH initiated coverage on shares of Nano Nuclear Energy in a report on Thursday. They set a "buy" rating and a $51.00 price target on the stock. Northland Securities initiated coverage on shares of Nano Nuclear Energy in a report on Monday. They set an "outperform" rating and a $40.00 price target on the stock. HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Monday, March 31st. Finally, Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $51.75.

Nano Nuclear Energy Trading Up 0.0%

NNE traded up $0.02 during trading on Friday, reaching $35.04. 1,567,973 shares of the company's stock were exchanged, compared to its average volume of 3,797,328. Nano Nuclear Energy Inc. has a one year low of $6.30 and a one year high of $48.05. The stock has a market capitalization of $1.45 billion, a PE ratio of -38.54 and a beta of 7.29. The firm has a fifty day moving average price of $31.12 and a two-hundred day moving average price of $29.12.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). Sell-side analysts expect 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.