Nano Nuclear Energy Inc. (NASDAQ:NNE) does about 2.07M shares in volume on a normal day but saw 2101453 shares change hands in the recent trading day. The company now has a market cap of 198.84M USD. Its current market price is $6.65, marking a decrease of -17.49% compared to the previous close of $8.06. 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 $12.55 and the current price is -82.27% off the 52-week high compared with 104.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $15.52. If we look at the stock’s price movements over the week, volatility stands at 21.27%, which decreases to 19.74% 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 33.31 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 82.95% 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 -27.00% over the week and -72.30% over the past month. Its price is 28.13% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0.0 and 0.0 for whole year. Expected sales for next quarter are $nan, which analysts say will come at $nan for the current fiscal year and next year at $nan. In addition, estimates put the company’s current quarterly revenue at an average of $nan.
To reach the target analysts have set, the stock logically needs to grow 82.95 percent from here.
Price to book ratio is 26.06.
