Nano Nuclear Energy Inc. (NASDAQ:NNE) price on current trading day, rose 23.44% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.85.
A look at the stock’s price movement, the close in the last trading session was $8.79, moving within a range at $8.71 and $11.69. Turning to its 52-week performance, $37.51 and $3.25 were the 52-week high and 52-week low respectively. Overall, NNE moved 34.62% over the past month.
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Nano Nuclear Energy Inc.’s market cap currently stands at around $326.91 million, with investors looking forward to this quarter’s earnings report slated for in October.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend NNE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NNE’s current price about 16.74% and -24.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.76, while 7-day volatility ratio is 21.15% and 21.32% in the 30-day chart. Further, Nano Nuclear Energy Inc. (NNE) has a beta value of 0, and an average true range (ATR) of 1.95.
If we refocus on Nano Nuclear Energy Inc. (NASDAQ:NNE), historical trading data shows that trading volumes averaged 1.6 over the past 10 days and 2.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.57 million shares.
The 43.36% of Nano Nuclear Energy Inc.’s shares are in the hands of company insiders while institutional holders own 0.82% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.08 million on 2024-08-15, giving us a short ratio of 0.73. The data shows that as of 2024-08-15 short interest in Nano Nuclear Energy Inc. (NNE) stood at 563.99997 of shares outstanding, with shares short rising to 0.59 million registered in 2024-07-15. Current price change has pushed the stock 109.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NNE stock continues to rise going into the next quarter.
