Nano Nuclear Energy Inc. $NNE Shares Bought by IFP Advisors Inc

IFP Advisors Inc lifted its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 27.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,128 shares of the company’s stock after purchasing an additional 900 shares during the quarter. IFP Advisors Inc’s holdings in Nano Nuclear Energy were worth $142,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. North Capital Inc. bought a new position in Nano Nuclear Energy in the 1st quarter valued at about $26,000. Marshall Investment Management LLC acquired a new stake in shares of Nano Nuclear Energy in the 1st quarter worth approximately $27,000. KBC Group NV acquired a new stake in shares of Nano Nuclear Energy in the 1st quarter worth approximately $31,000. Stone House Investment Management LLC bought a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $40,000. Finally, Salem Investment Counselors Inc. increased its stake in shares of Nano Nuclear Energy by 2,859.7% during the second quarter. Salem Investment Counselors Inc. now owns 1,835 shares of the company’s stock valued at $63,000 after acquiring an additional 1,773 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Northland Capmk upgraded Nano Nuclear Energy to a “strong-buy” rating in a research report on Monday, July 7th. Northland Securities assumed coverage on Nano Nuclear Energy in a report on Monday, July 7th. They issued an “outperform” rating and a $40.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Friday, August 15th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Nano Nuclear Energy in a report on Thursday, July 10th. They issued a “buy” rating and a $51.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $51.75.

Nano Nuclear Energy Stock Down 1.2%

Shares of NASDAQ NNE opened at $47.84 on Friday. The stock’s fifty day simple moving average is $38.71 and its 200 day simple moving average is $33.13. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -51.44 and a beta of 6.80. Nano Nuclear Energy Inc. has a 52-week low of $16.58 and a 52-week high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.08. As a group, analysts anticipate 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.