8,814 Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE) Purchased by Financial Advocates Investment Management

Financial Advocates Investment Management bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,814 shares of the company's stock, valued at approximately $219,000.

Several other large investors have also made changes to their positions in NNE. JPMorgan Chase & Co. purchased a new position in Nano Nuclear Energy in the third quarter valued at about $25,000. Barclays PLC purchased a new position in Nano Nuclear Energy in the third quarter valued at about $76,000. Fulton Bank N.A. purchased a new position in Nano Nuclear Energy in the fourth quarter valued at about $213,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Nano Nuclear Energy in the fourth quarter valued at about $227,000. Finally, XTX Topco Ltd purchased a new position in Nano Nuclear Energy in the third quarter valued at about $305,000.

Analysts Set New Price Targets

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

Nano Nuclear Energy Stock Down 2.6 %

Shares of NASDAQ NNE traded down $0.89 during midday trading on Thursday, reaching $33.73. 4,494,309 shares of the company's stock were exchanged, compared to its average volume of 7,121,631. Nano Nuclear Energy Inc. has a 52-week low of $3.25 and a 52-week high of $48.05. The business's fifty day moving average price is $29.27 and its two-hundred day moving average price is $20.78.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.09. As a group, equities analysts anticipate 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.