Barclays PLC Acquires New Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Barclays PLC bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,304 shares of the company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NNE. XTX Topco Ltd bought a new stake in shares of Nano Nuclear Energy in the third quarter worth about $305,000. State Street Corp acquired a new position in shares of Nano Nuclear Energy in the 3rd quarter valued at approximately $718,000. Citizens Financial Group Inc. RI increased its stake in Nano Nuclear Energy by 747.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 729,000 shares of the company’s stock worth $10,505,000 after purchasing an additional 643,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in Nano Nuclear Energy during the 2nd quarter worth approximately $250,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on NNE. HC Wainwright reiterated a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, November 27th. Benchmark upped their target price on shares of Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.

Nano Nuclear Energy Price Performance

Shares of Nano Nuclear Energy stock opened at $26.84 on Friday. The business’s 50 day simple moving average is $25.17 and its 200 day simple moving average is $19.08. Nano Nuclear Energy Inc. has a 52-week low of $3.25 and a 52-week high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. As a group, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.