State Street Corp Makes New Investment in Nano Nuclear Energy Inc. (NASDAQ:NNE)

State Street Corp purchased a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 49,800 shares of the company’s stock, valued at approximately $718,000. State Street Corp owned about 0.15% of Nano Nuclear Energy at the end of the most recent reporting period.

Separately, Citizens Financial Group Inc. RI grew its stake in shares of Nano Nuclear Energy by 747.7% during the third quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock valued at $10,505,000 after buying an additional 643,000 shares during the last quarter.

Nano Nuclear Energy Stock Performance

NNE stock opened at $23.93 on Friday. The firm’s 50-day moving average price is $24.34 and its two-hundred day moving average price is $18.53. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. Equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NNE shares. Benchmark boosted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HC Wainwright reaffirmed a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.