1,200 Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE) Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund bought a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 1,200 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Citizens Financial Group Inc. RI boosted its stake in Nano Nuclear Energy by 747.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after purchasing an additional 643,000 shares during the period. Van ECK Associates Corp bought a new position in Nano Nuclear Energy in the 4th quarter valued at about $11,311,000. Perigon Wealth Management LLC bought a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $2,564,000. Geode Capital Management LLC bought a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $954,000. Finally, Virtu Financial LLC acquired a new stake in shares of Nano Nuclear Energy during the 3rd quarter worth approximately $933,000.

Nano Nuclear Energy Price Performance

NNE opened at $26.97 on Friday. The firm has a market capitalization of $999.78 million and a P/E ratio of -65.78. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The company’s 50-day moving average is $30.47 and its 200 day moving average is $22.94.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NNE. Benchmark increased their price target on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. HC Wainwright reiterated a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

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.