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

Sharpepoint LLC raised its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 469.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 portfolio, making the stock its 29th largest holding. Sharpepoint LLC owned about 0.18% of Nano Nuclear Energy worth $1,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake 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 worth $52,000 after purchasing an additional 331 shares during the last quarter. North Capital Inc. acquired a new stake in Nano Nuclear Energy in the 1st quarter worth about $26,000. Wealth Enhancement Advisory Services LLC raised its stake in Nano Nuclear Energy by 10.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company's stock worth $318,000 after purchasing an additional 1,135 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $29,000. Finally, KBC Group NV acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at approximately $31,000.

Nano Nuclear Energy Stock Down 2.3%

NASDAQ NNE traded down $0.80 on Friday, hitting $34.22. The company's stock had a trading volume of 2,144,628 shares, compared to its average volume of 3,810,092. Nano Nuclear Energy Inc. has a 1-year low of $6.30 and a 1-year high of $48.05. The company's 50-day moving average is $31.32 and its 200 day moving average is $29.17. The firm has a market cap of $1.42 billion, a PE ratio of -37.60 and a beta of 7.29.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). On average, equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Northland Securities assumed coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They issued an "outperform" rating and a $40.00 target price for the company. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. 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. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Nano Nuclear Energy in a research report on Thursday. They set a "buy" rating and a $51.00 price objective for the company. 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.com, Nano Nuclear Energy presently has an average rating of "Buy" and a consensus price target of $51.75.

About Nano Nuclear Energy

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.