Wealth Enhancement Advisory Services LLC Takes Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Wealth Enhancement Advisory Services LLC bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,884 shares of the company's stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $29,000. New York State Common Retirement Fund purchased a new stake in Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at approximately $30,000. IFP Advisors Inc raised its holdings in Nano Nuclear Energy by 638.5% during 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 during the period. Finally, JPMorgan Chase & Co. lifted its position in Nano Nuclear Energy by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock worth $52,000 after buying an additional 331 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Monday, March 31st.

Nano Nuclear Energy Trading Up 4.1%

Shares of Nano Nuclear Energy stock traded up $1.42 during trading on Tuesday, hitting $36.04. 1,502,523 shares of the stock traded hands, compared to its average volume of 3,880,005. The firm has a market cap of $1.49 billion and a P/E ratio of -88.79. The stock's fifty day simple moving average is $26.45 and its 200 day simple moving average is $27.95. Nano Nuclear Energy Inc. has a 52-week low of $6.30 and a 52-week high of $48.05.

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 analysts' consensus estimates of ($0.11) by ($0.46). As a group, equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

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.