Nano Nuclear Energy Inc (NASDAQ:NNE) shares, rose in value on Thursday, March 27, with the stock price down by -3.68% to the previous day’s close as strong demand from buyers drove the stock to $28.25.
Actively observing the price movement in the last trading, the stock closed the session at $29.33, falling within a range of $27.815 and $29.31. Referring to stock’s 52-week performance, its high was $48.05, and the low was $3.25. On the whole, NNE has fluctuated by -4.69% over the past month.
With the market capitalization of Nano Nuclear Energy Inc currently standing at about $1.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-12.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NNE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NNE currently trading nearly -2.87% and -10.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.51, while the 7-day volatility ratio is showing 7.02% which for the 30-day chart, stands at 9.19%. Furthermore, Nano Nuclear Energy Inc (NNE)’s average true range (ATR) is 2.81.
Data on historical trading for Nano Nuclear Energy Inc (NASDAQ:NNE) indicates that the trading volumes over the past 10 days have averaged 2.17 and over the past 3 months, they’ve averaged 4.86 million. According to company’s latest data on outstanding shares, there are 36.74 million shares outstanding.
Nearly 61.95% of Nano Nuclear Energy Inc’s shares belong to company insiders and institutional investors own 21.28% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.54 million shares as on 2025-03-14, resulting in a short ratio of 1.55. According to the data, the short interest in Nano Nuclear Energy Inc (NNE) stood at 1718.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.51 million. The stock has risen by 13.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NNE stock heading into the next quarter.
