Nano Nuclear Energy Inc (NASDAQ:NNE) price on Thursday, April 10, fall -8.04% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $22.75.
A look at the stock’s price movement, the close in the last trading session was $24.74, moving within a range at $22.3073 and $24.14. Turning to its 52-week performance, $48.05 and $3.25 were the 52-week high and 52-week low respectively. Overall, NNE moved -18.11% over the past month.
Nano Nuclear Energy Inc’s market cap currently stands at around $843.41 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-12.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NNE is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
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 -16.86% and -23.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.82, while 7-day volatility ratio is 16.86% and 9.63% in the 30-day chart. Further, Nano Nuclear Energy Inc (NNE) has a beta value of 0, and an average true range (ATR) of 2.92. 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 -119.78% off current price level while to achieve the yearly target high, price needs to move -119.78%. Nonetheless, investors will most likely welcome a -119.78% 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 1.81 over the past 10 days and 4.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 36.74 million shares.
The 34.97% of Nano Nuclear Energy Inc’s shares are in the hands of company insiders while institutional holders own 21.41% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.54 million on 2025-03-14, giving us a short ratio of 1.55. The data shows that as of 2025-03-14 short interest in Nano Nuclear Energy Inc (NNE) stood at 1718.0 of shares outstanding, with shares short rising to 4.51 million registered in 2025-02-14. Current price change has pushed the stock -8.62% 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.
