LPL Financial LLC acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 104,278 shares of the company's stock, valued at approximately $2,596,000. LPL Financial LLC owned 0.28% of Nano Nuclear Energy at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $774,000. Newbridge Financial Services Group Inc. acquired a new stake in Nano Nuclear Energy in the fourth quarter worth about $200,000. Canal Insurance CO bought a new position in Nano Nuclear Energy in the 4th quarter valued at about $622,000. State Street Corp bought a new position in Nano Nuclear Energy in the 3rd quarter valued at about $718,000. Finally, Powell Investment Advisors LLC acquired a new position in Nano Nuclear Energy during the 4th quarter valued at about $602,000.
Nano Nuclear Energy Stock Performance
Shares of NNE stock traded down $0.66 during mid-day trading on Friday, hitting $19.86. 1,311,370 shares of the stock traded hands, compared to its average volume of 3,651,800. Nano Nuclear Energy Inc. has a twelve month low of $3.25 and a twelve month high of $48.05. The company's 50-day simple moving average is $27.55 and its 200-day simple moving average is $26.17. The firm has a market cap of $736.27 million and a price-to-earnings ratio of -48.44.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.09. Analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Monday, March 31st.
Check Out Our Latest Stock Analysis on NNE
Nano Nuclear Energy Profile
(
Free Report)
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.
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