Nano Nuclear Energy Inc (NASDAQ:NNE) price on Thursday, December 26, fall -0.38% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.47.
A look at the stock’s price movement, the close in the last trading session was $28.58, moving within a range at $27.8 and $29.94. Turning to its 52-week performance, $37.51 and $3.25 were the 52-week high and 52-week low respectively. Overall, NNE moved 9.88% over the past month.
Nano Nuclear Energy Inc’s market cap currently stands at around $939.51 million, with investors looking forward to this quarter’s earnings report slated for in January.
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 9.93% and 20.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.10, while 7-day volatility ratio is 12.53% and 11.59% in the 30-day chart. Further, Nano Nuclear Energy Inc (NNE) has a beta value of 0, and an average true range (ATR) of 3.12. 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 -75.62% off current price level while to achieve the yearly target high, price needs to move -75.62%. Nonetheless, investors will most likely welcome a -75.62% 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 3.93 over the past 10 days and 5.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 29.00 million shares.
The 39.28% of Nano Nuclear Energy Inc’s shares are in the hands of company insiders while institutional holders own 4.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.95 million on 2024-11-29, giving us a short ratio of 0.56. The data shows that as of 2024-11-29 short interest in Nano Nuclear Energy Inc (NNE) stood at 1185.0 of shares outstanding, with shares short rising to 2.82 million registered in 2024-10-31. Current price change has pushed the stock 448.55% 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.
