4,000 Shares in Nano Nuclear Energy Inc. $NNE Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,000 shares of the company’s stock, valued at approximately $137,000.

A number of other large investors also recently added to or reduced their stakes in NNE. North Capital Inc. purchased a new position in Nano Nuclear Energy in the 1st quarter worth approximately $26,000. Marshall Investment Management LLC bought a new stake in Nano Nuclear Energy in the 1st quarter worth approximately $27,000. KBC Group NV bought a new stake in Nano Nuclear Energy in the 1st quarter worth approximately $31,000. Stone House Investment Management LLC bought a new stake in Nano Nuclear Energy in the 1st quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Nano Nuclear Energy in the 1st quarter worth approximately $51,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Northland Securities assumed coverage on Nano Nuclear Energy in a research note on Monday, July 7th. They issued an “outperform” rating and a $40.00 price objective on the stock. LADENBURG THALM/SH SH assumed coverage on Nano Nuclear Energy in a research note on Thursday, July 10th. They issued a “buy” rating and a $51.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research note on Friday, August 15th. BTIG Research initiated coverage on Nano Nuclear Energy in a research note on Thursday, August 28th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.75.

Nano Nuclear Energy Stock Performance

NASDAQ NNE opened at $38.85 on Thursday. The company has a market cap of $1.62 billion, a P/E ratio of -41.77 and a beta of 6.80. The business’s 50 day moving average price is $39.09 and its 200-day moving average price is $33.46. Nano Nuclear Energy Inc. has a fifty-two week low of $16.58 and a fifty-two week high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last released 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. As a group, equities analysts predict 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.