Bank of New York Mellon Corp Acquires 5,451 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Bank of New York Mellon Corp raised its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,077 shares of the company’s stock after purchasing an additional 5,451 shares during the period. Bank of New York Mellon Corp’s holdings in Nano Nuclear Energy were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth $11,311,000. Perigon Wealth Management LLC bought a new position in Nano Nuclear Energy in the fourth quarter valued at about $2,564,000. Geode Capital Management LLC acquired a new position in Nano Nuclear Energy during the third quarter worth about $954,000. Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy in the third quarter worth about $933,000. Finally, State Street Corp acquired a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $718,000.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Stock Performance

Shares of NNE stock opened at $28.25 on Friday. Nano Nuclear Energy Inc. has a fifty-two week low of $3.25 and a fifty-two week high of $48.05. The stock has a 50 day simple moving average of $31.64 and a two-hundred day simple moving average of $24.98. The company has a market cap of $1.05 billion and a P/E ratio of -68.90.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. On average, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Nano Nuclear Energy 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.