Nano Nuclear Energy Inc. (NASDAQ:NNE) does about 2.27M shares in volume on a normal day but saw 2616358 shares change hands in the recent trading day. The company now has a market cap of 480.49M USD. Its current market price is $16.07, marking an increase of 17.13% compared to the previous close of $13.72. The 52 week high reached by this stock is $37.51 whilst the lowest price level in 52 weeks is $3.25.
Nano Nuclear Energy Inc. (NNE) has a 20-day trading average at $22.28 and the current price is -57.16% off the 52-week high compared with 394.46% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.44. If we look at the stock’s price movements over the week, volatility stands at 18.32%, which increases to 20.81% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.21 to suggest the stock is neutral.
The consensus objective for the share price is $39.00, suggesting that the stock has a potential upside of 58.79% over the period.
1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
Nano Nuclear Energy Inc. (NNE) stock is down -16.74% over the week and -33.10% over the past month. Its price is 209.63% year-to-date.
To reach the target analysts have set, the stock logically needs to grow 58.79 percent from here.
Price to book ratio is 62.98.
