Cwm LLC Has $112,000 Holdings in Nano Nuclear Energy Inc. $NNE

Cwm LLC reduced its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 37.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,261 shares of the company’s stock after selling 1,912 shares during the quarter. Cwm LLC’s holdings in Nano Nuclear Energy were worth $112,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. North Capital Inc. bought a new position in Nano Nuclear Energy in the 1st quarter worth approximately $26,000. Marshall Investment Management LLC bought a new position in Nano Nuclear Energy in the 1st quarter worth approximately $27,000. KBC Group NV bought a new position in Nano Nuclear Energy in the 1st quarter worth approximately $31,000. Stone House Investment Management LLC bought a new stake in shares of Nano Nuclear Energy during the 1st quarter valued at $40,000. Finally, Salem Investment Counselors Inc. raised its position in shares of Nano Nuclear Energy by 2,859.7% during the 2nd 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 last quarter.

Analyst Upgrades and Downgrades

NNE has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a research report on Thursday, August 28th. They set a “neutral” rating for the company. Northland Capmk upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Monday, July 7th. Northland Securities initiated coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They set an “outperform” rating and a $40.00 target price for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.75.

Nano Nuclear Energy Stock Up 1.1%

NNE opened at $47.54 on Friday. Nano Nuclear Energy Inc. has a 12 month low of $16.58 and a 12 month high of $60.87. The company has a fifty day simple moving average of $40.99 and a 200 day simple moving average of $34.60. The stock has a market cap of $2.39 billion, a P/E ratio of -51.12 and a beta of 6.80.

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