Powell Investment Advisors LLC Buys New Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Powell Investment Advisors LLC purchased a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 4th quarter, Holdings Channel reports. The firm purchased 24,183 shares of the company’s stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy during the third quarter worth $25,000. Barclays PLC bought a new stake in shares of Nano Nuclear Energy in the 3rd quarter valued at about $76,000. Newbridge Financial Services Group Inc. acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at about $200,000. Fulton Bank N.A. acquired a new stake in Nano Nuclear Energy in the 4th quarter valued at about $213,000. Finally, Financial Advocates Investment Management bought a new position in Nano Nuclear Energy during the fourth quarter worth about $219,000.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $35.28 on Monday. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $48.05. The company’s 50 day moving average price is $28.85 and its two-hundred day moving average price is $20.38.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.08. As a group, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NNE shares. Benchmark increased their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. HC Wainwright reissued a “buy” rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

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.