12,900 Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE) Bought by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,900 shares of the company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at about $25,000. Barclays PLC bought a new position in shares of Nano Nuclear Energy during the third quarter valued at approximately $76,000. Newbridge Financial Services Group Inc. purchased a new position in Nano Nuclear Energy during the fourth quarter valued at approximately $200,000. Fulton Bank N.A. bought a new position in Nano Nuclear Energy in the fourth quarter worth approximately $213,000. Finally, Financial Advocates Investment Management purchased a new stake in Nano Nuclear Energy during the fourth quarter worth $219,000.

Nano Nuclear Energy Trading Down 0.1 %

Shares of NNE stock traded down $0.04 during trading hours on Wednesday, reaching $31.46. 2,515,269 shares of the company's stock were exchanged, compared to its average volume of 6,776,461. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The stock's 50 day moving average is $29.86 and its 200-day moving average is $21.44. The company has a market cap of $1.17 billion and a price-to-earnings ratio of -76.73.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released 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. Equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NNE. HC Wainwright reissued a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th. Benchmark boosted their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

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.