Optimize Financial Inc acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,192 shares of the company's stock, valued at approximately $217,000.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Nano Nuclear Energy by 44.4% during the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock worth $26,196,000 after purchasing an additional 304,405 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Nano Nuclear Energy in the fourth quarter worth approximately $4,544,000. BNP Paribas Financial Markets lifted its stake in Nano Nuclear Energy by 15,411.5% in the fourth quarter. BNP Paribas Financial Markets now owns 104,082 shares of the company's stock worth $2,591,000 after acquiring an additional 103,411 shares during the last quarter. Nuveen LLC purchased a new position in Nano Nuclear Energy in the first quarter worth approximately $2,574,000. Finally, Sharpepoint LLC lifted its stake in Nano Nuclear Energy by 469.5% in the first quarter. Sharpepoint LLC now owns 66,034 shares of the company's stock worth $1,747,000 after acquiring an additional 54,438 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on NNE shares. BTIG Research started coverage on shares of Nano Nuclear Energy in a research report on Thursday, August 28th. They set a "neutral" rating for the company. Northland Securities started coverage on shares of 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. LADENBURG THALM/SH SH cut shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and dropped their price objective for the company from $51.00 to $9.00 in a research note on Monday, August 18th. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. Finally, HC Wainwright reiterated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Nano Nuclear Energy has an average rating of "Moderate Buy" and an average target price of $41.25.
Read Our Latest Report on Nano Nuclear Energy
Nano Nuclear Energy Stock Performance
NNE traded up $2.08 on Monday, reaching $35.14. 2,571,762 shares of the company's stock were exchanged, compared to its average volume of 3,695,996. Nano Nuclear Energy Inc. has a twelve month low of $10.35 and a twelve month high of $48.05. The company's 50 day moving average is $34.39 and its 200-day moving average is $30.32. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -37.81 and a beta of 7.03.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. Sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.
About Nano Nuclear Energy
(
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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