Optimize Financial Inc Makes New Investment in Nano Nuclear Energy Inc. $NNE

Key Points

• Optimize Financial Inc acquired 8,192 shares of Nano Nuclear Energy Inc. during the 1st quarter, valued at approximately $217,000, as reported in their 13F filing.
• Despite reporting a loss of ($0.19) earnings per share, Nano Nuclear Energy exceeded analysts' expectations of ($0.27) by $0.08.
• Equities research analysts have issued mixed ratings on Nano Nuclear Energy, with one firm downgrading the stock from "buy" to "sell" while another has set a "strong-buy" rating.

Optimize Financial Inc acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 8,192 shares of the company's stock, valued at approximately $217,000.

Other large investors have also recently made changes to their positions in the company. North Capital Inc. purchased a new position in shares of Nano Nuclear Energy during the 1st quarter valued at about $26,000. Marshall Investment Management LLC purchased a new position in shares of Nano Nuclear Energy during the 1st quarter valued at about $27,000. Ameriflex Group Inc. purchased a new position in shares of Nano Nuclear Energy during the 4th quarter valued at about $29,000. KBC Group NV purchased a new position in shares of Nano Nuclear Energy during the 1st quarter valued at about $31,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Nano Nuclear Energy during the 1st quarter valued at about $40,000.

Nano Nuclear Energy Stock Up 0.3%

NASDAQ NNE traded up $0.10 during trading hours on Friday, reaching $33.06. The company's stock had a trading volume of 1,446,925 shares, compared to its average volume of 2,446,028. The firm's 50-day moving average price is $34.39 and its 200-day moving average price is $30.29. Nano Nuclear Energy Inc. has a 1 year low of $10.35 and a 1 year high of $48.05. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -35.55 and a beta of 7.03.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NNE shares. Northland Securities started coverage on Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price objective on the stock. BTIG Research started coverage on Nano Nuclear Energy in a research report on Thursday, August 28th. They set a "neutral" rating on the stock. LADENBURG THALM/SH SH cut Nano Nuclear Energy from a "buy" rating to a "sell" rating and lowered their price objective for the company from $51.00 to $9.00 in a research report on Monday, August 18th. HC Wainwright reissued a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 15th. Finally, Northland Capmk raised Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $41.25.

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.