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

IFP Advisors Inc grew its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 27.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,128 shares of the company’s stock after acquiring an additional 900 shares during the period. IFP Advisors Inc’s holdings in Nano Nuclear Energy were worth $142,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NNE. KLP Kapitalforvaltning AS boosted its holdings in Nano Nuclear Energy by 173.9% in the second quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the company’s stock valued at $435,000 after purchasing an additional 8,000 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Nano Nuclear Energy during the 2nd quarter valued at approximately $6,269,000. MRA Advisory Group acquired a new stake in shares of Nano Nuclear Energy during the second quarter worth approximately $220,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Nano Nuclear Energy by 446.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,478 shares of the company’s stock worth $120,000 after buying an additional 2,842 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its holdings in Nano Nuclear Energy by 2,859.7% in 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 in the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on NNE. Northland Securities assumed coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They set an “outperform” rating and a $40.00 price objective for the company. Northland Capmk upgraded Nano Nuclear Energy to a “strong-buy” rating in a research note on Monday, July 7th. LADENBURG THALM/SH SH initiated coverage on Nano Nuclear Energy in a research note on Thursday, July 10th. They set a “buy” rating and a $51.00 price objective on the stock. BTIG Research assumed coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They set a “neutral” rating on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Nano Nuclear Energy has a consensus rating of “Moderate Buy” and an average price target of $51.75.

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE opened at $47.84 on Friday. The firm has a market capitalization of $1.99 billion, a PE ratio of -51.44 and a beta of 6.80. Nano Nuclear Energy Inc. has a 1-year low of $16.58 and a 1-year high of $60.87. The business’s fifty day moving average price is $38.71 and its two-hundred day moving average price is $33.13.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.08. Equities research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal 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.