Nano Nuclear Energy Inc. (NASDAQ:NNE) does about 2.17M shares in volume on a normal day but saw 1320760 shares change hands in the recent trading day. The company now has a market cap of 262.13M USD. Its current market price is $8.70, marking an increase of 3.69% compared to the previous close of $8.39. 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 $10.75 and the current price is -76.81% off the 52-week high compared with 167.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $15.60. If we look at the stock’s price movements over the week, volatility stands at 24.73%, which decreases to 20.87% 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 40.09 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 77.69% 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 -1.58% over the week and -54.45% over the past month. Its price is 67.63% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 77.69 percent from here.
Outstanding shares total 28.57M with insiders holding 43.16% of the shares and institutional holders owning 0.82% of the company’s common stock. Price to book ratio is 19.41.
