Van ECK Associates Corp bought a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 454,353 shares of the company's stock, valued at approximately $11,311,000. Van ECK Associates Corp owned about 1.24% of Nano Nuclear Energy at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in Nano Nuclear Energy in the third quarter valued at approximately $25,000. Barclays PLC bought a new stake in Nano Nuclear Energy in the third quarter valued at approximately $76,000. Newbridge Financial Services Group Inc. bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $200,000. Fulton Bank N.A. bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $213,000. Finally, Financial Advocates Investment Management bought a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $219,000.
Analyst Ratings Changes
NNE has been the subject of a number of recent analyst reports. HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th. Benchmark upped their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th.
View Our Latest Stock Report on NNE
Nano Nuclear Energy Price Performance
Shares of Nano Nuclear Energy stock traded down $0.02 during trading on Wednesday, hitting $31.48. 2,653,729 shares of the company's stock traded hands, compared to its average volume of 6,788,185. Nano Nuclear Energy Inc. has a 1 year low of $3.25 and a 1 year high of $48.05. The stock has a market capitalization of $1.17 billion and a P/E ratio of -76.78. The business has a 50-day simple moving average of $29.86 and a 200-day simple moving average of $21.44.
Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. On average, equities analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.
Nano Nuclear Energy Profile
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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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