MGO One Seven LLC Purchases New Stake in Nano Nuclear Energy Inc. (NASDAQ:NNE)

MGO One Seven LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,700 shares of the company’s stock, valued at approximately $366,000.

A number of other large investors have also added to or reduced their stakes in NNE. Citizens Financial Group Inc. RI grew its holdings in Nano Nuclear Energy by 23.5% in the 4th quarter. Citizens Financial Group Inc. RI now owns 900,000 shares of the company’s stock valued at $22,406,000 after buying an additional 171,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Nano Nuclear Energy by 2,838.5% in the 4th quarter. Vanguard Group Inc. now owns 685,619 shares of the company’s stock valued at $17,068,000 after buying an additional 662,287 shares in the last quarter. Van ECK Associates Corp acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $11,311,000. Perigon Wealth Management LLC acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $2,564,000. Finally, LPL Financial LLC acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $2,596,000.

Analyst Ratings Changes

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

Nano Nuclear Energy Stock Performance

NNE opened at $23.86 on Tuesday. The firm has a market cap of $884.56 million and a P/E ratio of -58.20. Nano Nuclear Energy Inc. has a 52-week low of $3.25 and a 52-week high of $48.05. The business’s fifty day moving average is $25.94 and its 200-day moving average is $26.47.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. On average, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

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.