Rhumbline Advisers Buys 2,442 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Rhumbline Advisers raised its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 64.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,212 shares of the company’s stock after buying an additional 2,442 shares during the period. Rhumbline Advisers’ holdings in Nano Nuclear Energy were worth $155,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $25,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at about $76,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $200,000. Fulton Bank N.A. bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $213,000. Finally, Financial Advocates Investment Management bought a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $219,000.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $25.23 on Tuesday. The business’s 50 day simple moving average is $30.48 and its two-hundred day simple moving average is $23.33. The firm has a market cap of $935.35 million and a P/E ratio of -61.54. Nano Nuclear Energy Inc. has a 52-week low of $3.25 and a 52-week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. On average, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Nano Nuclear Energy Company 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.