Rothschild Investment LLC Purchases Shares of 3,410 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Rothschild Investment LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,410 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds have also recently bought and sold shares of the stock. New York State Common Retirement Fund bought a new position in Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. IFP Advisors Inc grew its stake in Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after purchasing an additional 1,277 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy in the third quarter valued at approximately $25,000. Rhumbline Advisers grew its stake in Nano Nuclear Energy by 64.8% in the fourth quarter. Rhumbline Advisers now owns 6,212 shares of the company’s stock valued at $155,000 after purchasing an additional 2,442 shares in the last quarter. Finally, Barclays PLC acquired a new stake in shares of Nano Nuclear Energy in the third quarter valued at approximately $76,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NNE. 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 reaffirmed 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 Up 16.2 %

NNE opened at $29.64 on Thursday. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $48.05. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of -72.29. The business has a 50 day moving average of $30.36 and a 200-day moving average of $22.21.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. As a group, analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

About Nano Nuclear Energy

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.