Newbridge Financial Services Group Inc. Takes $200,000 Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Newbridge Financial Services Group Inc. bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,032 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canal Insurance CO acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $622,000. State Street Corp bought a new position in Nano Nuclear Energy in the third quarter worth $718,000. Virtu Financial LLC acquired a new stake in Nano Nuclear Energy during the third quarter worth $933,000. SG Americas Securities LLC bought a new stake in Nano Nuclear Energy in the 4th quarter valued at $345,000. Finally, Geode Capital Management LLC acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at $954,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark upped their target price on shares of 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 reaffirmed a “buy” rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Price Performance

Shares of NASDAQ NNE opened at $35.28 on Monday. Nano Nuclear Energy Inc. has a 52-week low of $3.25 and a 52-week high of $48.05. The business has a fifty day moving average of $28.85 and a two-hundred day moving average of $20.38.

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