Sharpepoint LLC Buys New Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Sharpepoint LLC purchased a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the 4th quarter, HoldingsChannel reports. The fund purchased 11,596 shares of the company’s stock, valued at approximately $289,000.

A number of other large investors have also modified their holdings of NNE. JPMorgan Chase & Co. grew its stake in Nano Nuclear Energy by 19.0% during the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company’s stock worth $52,000 after purchasing an additional 331 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. IFP Advisors Inc lifted 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 worth $37,000 after acquiring an additional 1,277 shares during the last quarter. Finally, Barclays PLC grew its holdings in Nano Nuclear Energy by 27.6% during the 4th quarter. Barclays PLC now owns 6,767 shares of the company’s stock worth $168,000 after acquiring an additional 1,463 shares in the last quarter.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE opened at $19.86 on Friday. 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 cap of $736.27 million and a P/E ratio of -48.44. The stock has a 50-day simple moving average of $27.30 and a 200-day simple moving average of $26.26.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating 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.

Wall Street Analyst Weigh In

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

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.