Nano Nuclear Energy (NASDAQ:NNE) Now Covered by Analysts at Northland Securities

Analysts at Northland Securities began coverage on shares of Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) in a report issued on Monday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $40.00 price target on the stock. Northland Securities' price target would suggest a potential upside of 19.60% from the stock's current price.

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

Nano Nuclear Energy Trading Up 1.5%

NNE opened at $33.45 on Monday. Nano Nuclear Energy has a 12-month low of $6.30 and a 12-month high of $48.05. The business's fifty day simple moving average is $30.23 and its 200-day simple moving average is $28.93. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -36.75 and a beta of 7.29.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted 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). On average, equities research analysts predict that Nano Nuclear Energy will post -0.92 EPS for the current year.

Institutional Investors Weigh In On Nano Nuclear Energy

A number of institutional investors have recently added to or reduced their stakes in NNE. Rhumbline Advisers boosted its position in Nano Nuclear Energy by 64.8% during the fourth quarter. Rhumbline Advisers now owns 6,212 shares of the company's stock valued at $155,000 after purchasing an additional 2,442 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Nano Nuclear Energy by 40.0% in the fourth quarter. Bank of New York Mellon Corp now owns 19,077 shares of the company's stock worth $475,000 after acquiring an additional 5,451 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Nano Nuclear Energy by 674.6% in the fourth quarter. Jones Financial Companies Lllp now owns 9,683 shares of the company's stock worth $241,000 after acquiring an additional 8,433 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Nano Nuclear Energy in the fourth quarter worth about $66,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Nano Nuclear Energy in the fourth quarter worth about $271,000.

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.

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