Bank of New York Mellon Corp Has $1.55 Million Holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Bank of New York Mellon Corp grew its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 206.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,530 shares of the company’s stock after purchasing an additional 39,453 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.16% of Nano Nuclear Energy worth $1,549,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NNE. JPMorgan Chase & Co. increased its holdings in 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 purchasing an additional 331 shares during the last quarter. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy during the 1st quarter worth about $26,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Nano Nuclear Energy by 10.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company’s stock worth $318,000 after buying an additional 1,135 shares during the period. Ameriflex Group Inc. bought a new stake in shares of Nano Nuclear Energy in the 4th quarter valued at about $29,000. Finally, KBC Group NV bought a new stake in shares of Nano Nuclear Energy in the 1st quarter valued at about $31,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. LADENBURG THALM/SH SH started coverage on Nano Nuclear Energy in a research note on Thursday, July 10th. They issued a “buy” rating and a $51.00 target price for the company. Northland Capmk upgraded Nano Nuclear Energy to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Northland Securities started coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They set an “outperform” rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $51.75.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $35.45 on Wednesday. Nano Nuclear Energy Inc. has a 52 week low of $6.30 and a 52 week high of $48.05. The firm’s 50-day simple moving average is $34.08 and its 200 day simple moving average is $29.99. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -38.96 and a beta of 7.29.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.46). Sell-side analysts anticipate 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.