Nano Nuclear Energy Inc. $NNE Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Nano Nuclear Energy by 44.4%, acquiring 304,405 shares to hold a total of 990,024 shares valued at approximately $26 million.
• Equities analysts have mixed ratings for Nano Nuclear Energy, with targets ranging from a low of $9.00 to a high of $50.00, suggesting a consensus average target price of $41.25.
• After reporting a Q2 EPS of ($0.19), which exceeded analysts' expectations, Nano Nuclear Energy's shares opened at $34.50, showing a 12-month trading range of $6.52 to $48.05.

Vanguard Group Inc. increased its position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 44.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 990,024 shares of the company's stock after buying an additional 304,405 shares during the period. Vanguard Group Inc. owned about 2.67% of Nano Nuclear Energy worth $26,196,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Nano Nuclear Energy by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after buying an additional 331 shares during the last quarter. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $26,000. Marshall Investment Management LLC acquired a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $27,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Nano Nuclear Energy by 10.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company's stock valued at $318,000 after buying an additional 1,135 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in Nano Nuclear Energy during the fourth quarter worth approximately $29,000.

Nano Nuclear Energy Stock Down 1.9%

Shares of Nano Nuclear Energy stock traded down $0.61 during trading hours on Wednesday, hitting $32.00. The company's stock had a trading volume of 2,807,847 shares, compared to its average volume of 2,698,322. Nano Nuclear Energy Inc. has a 1-year low of $6.52 and a 1-year high of $48.05. The business has a fifty day moving average of $34.63 and a 200 day moving average of $30.17. The company has a market capitalization of $1.33 billion, a PE ratio of -34.41 and a beta of 7.03.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.08. On average, sell-side analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NNE shares. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. Northland Securities started coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price target for the company. LADENBURG THALM/SH SH lowered shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and dropped their price target for the stock from $51.00 to $9.00 in a research report on Monday, August 18th. 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. Finally, HC Wainwright reaffirmed a "buy" rating and set a $50.00 price target 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 given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.25.

Nano Nuclear Energy 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.