Nano Nuclear Energy Inc (NASDAQ:NNE) price on Friday, November 15, fall -4.15% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.70.
A look at the stock’s price movement, the close in the last trading session was $22.64, moving within a range at $19.5 and $22.32. Turning to its 52-week performance, $37.51 and $3.25 were the 52-week high and 52-week low respectively. Overall, NNE moved 15.86% over the past month.
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Nano Nuclear Energy Inc’s market cap currently stands at around $716.10 million, with investors looking forward to this quarter’s earnings report slated for in December.
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 3.16% and 24.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.50, while 7-day volatility ratio is 14.95% and 14.54% in the 30-day chart. Further, Nano Nuclear Energy Inc (NNE) has a beta value of 0, and an average true range (ATR) of 2.96. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $50 and high of $50. Looking at the price targets, the low is -130.41% off current price level while to achieve the yearly target high, price needs to move -130.41%. Nonetheless, investors will most likely welcome a -130.41% jump to $50 which is the analysts’ median price.
If we refocus on Nano Nuclear Energy Inc (NASDAQ:NNE), historical trading data shows that trading volumes averaged 4.4 over the past 10 days and 4.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 28.57 million shares.
The 39.28% of Nano Nuclear Energy Inc’s shares are in the hands of company insiders while institutional holders own 4.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.82 million on 2024-10-31, giving us a short ratio of 0.49. The data shows that as of 2024-10-31 short interest in Nano Nuclear Energy Inc (NNE) stood at 1261.0 of shares outstanding, with shares short rising to 1.58 million registered in 2024-09-30. Current price change has pushed the stock 318.11% 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.
