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

MGO One Seven LLC increased its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,664 shares of the company’s stock after buying 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 SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. North Capital Inc. acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at about $26,000. Marshall Investment Management LLC acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at about $27,000. KBC Group NV acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at about $31,000. Stone House Investment Management LLC acquired a new position in shares of Nano Nuclear Energy in the 1st quarter valued at about $40,000. Finally, Salem Investment Counselors Inc. boosted its holdings in shares of Nano Nuclear Energy by 2,859.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,835 shares of the company’s stock valued at $63,000 after buying an additional 1,773 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on NNE shares. Northland Capmk raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research note on Monday, July 7th. LADENBURG THALM/SH SH started coverage on shares of Nano Nuclear Energy in a research note on Thursday, July 10th. They set a “buy” rating and a $51.00 target price for the company. BTIG Research started coverage on shares of Nano Nuclear Energy in a research note on Thursday, August 28th. They set a “neutral” rating for the company. HC Wainwright reissued a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research note on Friday, August 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nano Nuclear Energy currently has an average rating of “Moderate Buy” and an average price target of $51.75.

Nano Nuclear Energy Trading Down 1.2%

Shares of NASDAQ:NNE opened at $47.84 on Friday. The company has a 50 day moving average of $38.71 and a 200-day moving average of $33.07. The firm has a market cap of $1.99 billion, a P/E ratio of -51.44 and a beta of 6.80. Nano Nuclear Energy Inc. has a twelve month low of $16.58 and a twelve month high of $60.87.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly 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. Equities research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current 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.