Nano Nuclear Energy Inc. (NASDAQ:NNE) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 113.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,586 shares of the company’s stock after buying an additional 15,747 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Nano Nuclear Energy worth $783,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NNE. Ameriflex Group Inc. acquired a new stake in shares of Nano Nuclear Energy during the fourth quarter worth $29,000. New York State Common Retirement Fund purchased a new position in shares of Nano Nuclear Energy in the fourth quarter valued at $30,000. Aster Capital Management DIFC Ltd purchased a new stake in Nano Nuclear Energy during the 4th quarter worth about $30,000. IFP Advisors Inc increased its position in Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after purchasing an additional 1,277 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Nano Nuclear Energy by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company’s stock valued at $52,000 after buying an additional 331 shares during the period.

Nano Nuclear Energy Stock Performance

Nano Nuclear Energy stock opened at $37.97 on Friday. The stock’s 50 day moving average price is $27.20 and its 200 day moving average price is $28.12. Nano Nuclear Energy Inc. has a one year low of $6.30 and a one year high of $48.05. The firm has a market capitalization of $1.57 billion and a PE ratio of -41.73.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.46). On average, analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a 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.