Nano Nuclear Energy Inc (NASDAQ:NNE) traded at $16.80 at close of the session on Monday, November 04 and made a downward move of -12.77% on its previous day’s price.
Looking at the stock we see that its previous close was $19.26 with the day’s price range being $16.59 – $18.0. 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 lost about -13.36% over that past 30 days.
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Nano Nuclear Energy Inc has a market cap of $506.18 million and is expected to release its quarterly earnings report in December.
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 -13.76% off its SMA20 and 10.09% from its 50-day simple moving average. The RSI (14) is pointing at 46.55 while the volatility over the past week is 12.03% and jumps to 16.56% over the past one month. The average price target for the stock over the next 12 months is $50, with the estimates having a low of $50 and a high of $50. These price ends are -197.62% and -197.62% off the current price level respectively, although investors could be excited at the prospect of a -197.62% if the NNE share price touches on the median price of $50.
Coming back to Nano Nuclear Energy Inc (NASDAQ:NNE), we note that the average 3-month trading volume was 3.75 million, while that of the preceding 10-day period stands at 7.13 million. Current shares outstanding are 28.57 million.
The insiders hold 43.03% of the company’s shares while institutions hold 0.96%. The data shows that short shares as of 2024-10-15, stood at 1.89 million at a short ratio of 0.48. This represents a 989.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 0.66 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 223.70% up in year-to-date price movement.
