Sharpepoint LLC Acquires New Stake in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Sharpepoint LLC bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,596 shares of the company’s stock, valued at approximately $289,000.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Nano Nuclear Energy during the third quarter worth about $25,000. New York State Common Retirement Fund acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth approximately $30,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. IFP Advisors Inc increased its holdings in shares of Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock valued at $37,000 after purchasing an additional 1,277 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Nano Nuclear Energy during the fourth quarter worth approximately $66,000.

Analyst Ratings Changes

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

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE opened at $19.86 on Friday. Nano Nuclear Energy Inc. has a 1 year low of $3.25 and a 1 year high of $48.05. The company has a market capitalization of $736.27 million and a P/E ratio of -48.44. The company has a 50 day simple moving average of $27.30 and a 200-day simple moving average of $26.26.

Nano Nuclear Energy (NASDAQ:NNE) last posted its earnings results on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.09. As a group, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current 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.