Caprock Group LLC Takes $874,000 Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Caprock Group LLC acquired a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 35,119 shares of the company's stock, valued at approximately $874,000. Caprock Group LLC owned approximately 0.10% of Nano Nuclear Energy as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in Nano Nuclear Energy during the third quarter worth about $25,000. Barclays PLC purchased a new position in shares of Nano Nuclear Energy during the 3rd quarter worth about $76,000. Fulton Bank N.A. acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter worth approximately $213,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $227,000. Finally, XTX Topco Ltd acquired a new position in Nano Nuclear Energy during the third quarter worth approximately $305,000.

Nano Nuclear Energy Price Performance

NASDAQ NNE traded up $1.72 during mid-day trading on Friday, reaching $35.28. 7,952,507 shares of the company's stock traded hands, compared to its average volume of 7,438,522. Nano Nuclear Energy Inc. has a 1-year low of $3.25 and a 1-year high of $48.05. The company has a fifty day simple moving average of $28.70 and a 200-day simple moving average of $20.21.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.08. Sell-side analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Benchmark lifted their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, November 7th. HC Wainwright reiterated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a 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.