Nano Nuclear Energy Inc. $NNE Shares Bought by MGO One Seven LLC

MGO One Seven LLC lifted its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,664 shares of the company’s stock after acquiring an additional 1,028 shares during the period. MGO One Seven LLC’s holdings in Nano Nuclear Energy were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Concurrent Investment Advisors LLC bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth approximately $262,000. IFP Advisors Inc raised its holdings in shares of Nano Nuclear Energy by 27.9% in the 2nd quarter. IFP Advisors Inc now owns 4,128 shares of the company’s stock worth $142,000 after purchasing an additional 900 shares in the last quarter. KLP Kapitalforvaltning AS raised its holdings in shares of Nano Nuclear Energy by 173.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 12,600 shares of the company’s stock worth $435,000 after purchasing an additional 8,000 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth approximately $6,269,000. Finally, MRA Advisory Group bought a new stake in shares of Nano Nuclear Energy in the 2nd quarter worth approximately $220,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. HC Wainwright reiterated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Friday, August 15th. Northland Securities began coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They issued an “outperform” rating and a $40.00 target price on the stock. BTIG Research began coverage on shares of Nano Nuclear Energy in a report on Thursday, August 28th. They set a “neutral” rating on the stock. Northland Capmk upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a report on Monday, July 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.75.

Nano Nuclear Energy Price Performance

NNE stock opened at $47.84 on Friday. Nano Nuclear Energy Inc. has a 52-week low of $16.58 and a 52-week high of $60.87. The company’s 50 day simple moving average is $38.71 and its 200-day simple moving average is $33.07. The firm has a market capitalization of $1.99 billion, a P/E ratio of -51.44 and a beta of 6.80.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. Sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS 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.