Rhumbline Advisers grew its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 376.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,628 shares of the company's stock after purchasing an additional 23,416 shares during the quarter. Rhumbline Advisers owned about 0.08% of Nano Nuclear Energy worth $784,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Nano Nuclear Energy by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after buying an additional 331 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $29,000. New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at $30,000. Finally, IFP Advisors Inc increased its position in shares of Nano Nuclear Energy by 638.5% in the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after buying an additional 1,277 shares in the last quarter.
Analysts Set New Price Targets
Separately, HC Wainwright reiterated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.
Check Out Our Latest Analysis on Nano Nuclear Energy
Nano Nuclear Energy Price Performance
NNE stock traded down $0.66 during trading hours on Friday, reaching $37.31. 8,739,713 shares of the stock were exchanged, compared to its average volume of 3,936,056. The firm's 50-day moving average is $27.48 and its 200-day moving average is $28.21. The company has a market cap of $1.55 billion and a price-to-earnings ratio of -41.00. Nano Nuclear Energy Inc. has a 12 month low of $6.30 and a 12 month high of $48.05.
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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). As a group, equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share 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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