41,610 Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE) Purchased by Franklin Resources Inc.

Franklin Resources Inc. bought a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 41,610 shares of the company’s stock, valued at approximately $1,036,000.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Nano Nuclear Energy in the 3rd quarter worth approximately $25,000. New York State Common Retirement Fund acquired a new stake in Nano Nuclear Energy in the fourth quarter valued at approximately $30,000. IFP Advisors Inc grew its holdings in Nano Nuclear Energy by 638.5% in the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after purchasing an additional 1,277 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Nano Nuclear Energy during the fourth quarter worth $66,000. Finally, Barclays PLC purchased a new stake in shares of Nano Nuclear Energy during the 3rd quarter valued at $76,000.

Nano Nuclear Energy Stock Down 5.5 %

Shares of Nano Nuclear Energy stock opened at $22.15 on Wednesday. The firm has a market capitalization of $821.17 million and a P/E ratio of -54.02. Nano Nuclear Energy Inc. has a 52 week low of $3.25 and a 52 week high of $48.05. The company has a 50 day moving average price of $28.15 and a 200 day moving average price of $26.18.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.