Nano Nuclear Energy Inc. (NASDAQ: NNE) Slides -1.95% In Recent Trade, What To Expect Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE) traded at $17.59 at close of the session on current trade day and made a downward move of -1.95% on its previous day’s price.

Looking at the stock we see that its previous close was $17.94 with the day’s price range being $16.85 – $19.3. In terms of its 52-week price range, NNE has a high of $37.51 and a low of $3.25. The company’s stock has gained about 15.50% over that past 30 days.

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Nano Nuclear Energy Inc. has a market cap of $529.99 million and is expected to release its quarterly earnings report in November.

Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Nano Nuclear Energy Inc. (NNE) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 14.37% off its SMA20 and 47.76% from its 50-day simple moving average. The RSI (14) is pointing at 59.33 while the volatility over the past week is 14.91% and jumps to 18.62% over the past one month.

Coming back to Nano Nuclear Energy Inc. (NASDAQ:NNE), we note that the average 3-month trading volume was 2.45 million, while that of the preceding 10-day period stands at 3.5 million. Current shares outstanding are 28.57 million.

The insiders hold 43.03% of the company’s shares while institutions hold 0.82%. The data shows that short shares as of 2024-09-30, stood at 1.58 million at a short ratio of 0.47. This represents a 827.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 0.76 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 238.92% up in year-to-date price movement.

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