Commonwealth Equity Services LLC Buys 7,328 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Commonwealth Equity Services LLC boosted its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 52.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,294 shares of the company’s stock after buying an additional 7,328 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Nano Nuclear Energy were worth $530,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI lifted its position in Nano Nuclear Energy by 23.5% during the fourth quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company’s stock valued at $22,406,000 after buying an additional 171,000 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Nano Nuclear Energy in the 4th quarter worth about $271,000. SBI Securities Co. Ltd. purchased a new position in Nano Nuclear Energy during the 4th quarter valued at about $66,000. Jones Financial Companies Lllp boosted its stake in Nano Nuclear Energy by 674.6% during the fourth quarter. Jones Financial Companies Lllp now owns 9,683 shares of the company’s stock worth $241,000 after acquiring an additional 8,433 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Nano Nuclear Energy in the fourth quarter worth about $774,000.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Nano Nuclear Energy Trading Down 8.6 %

Nano Nuclear Energy stock opened at $21.45 on Friday. Nano Nuclear Energy Inc. has a 12 month low of $3.25 and a 12 month high of $48.05. The company has a market capitalization of $795.22 million and a price-to-earnings ratio of -52.32. The business’s fifty day simple moving average is $30.51 and its two-hundred day simple moving average is $25.54.

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