Citizens Financial Group Inc. RI Buys 171,000 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Citizens Financial Group Inc. RI lifted its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 23.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 900,000 shares of the company’s stock after buying an additional 171,000 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Nano Nuclear Energy were worth $22,406,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in NNE. Van ECK Associates Corp bought a new stake in Nano Nuclear Energy during the 4th quarter valued at approximately $11,311,000. Perigon Wealth Management LLC bought a new stake in Nano Nuclear Energy during the 4th quarter valued at approximately $2,564,000. Geode Capital Management LLC purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at approximately $954,000. Virtu Financial LLC purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at approximately $933,000. Finally, State Street Corp purchased a new position in Nano Nuclear Energy during the 3rd quarter valued at approximately $718,000.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a report on Wednesday, January 29th.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $25.23 on Tuesday. The stock has a market capitalization of $935.35 million and a PE ratio of -61.54. The business has a 50 day simple moving average of $30.48 and a two-hundred day simple moving average of $23.33. Nano Nuclear Energy Inc. has a 1-year low of $3.25 and a 1-year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.09. On average, analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS 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.