Nano Nuclear Energy Inc. (NNE): Investing In A Time Of Crisis

Nano Nuclear Energy Inc. (NASDAQ:NNE) currently has a daily average trading volume of 2.32M but it saw 1236637 shares traded in last market. With a market cap of 337.46M USD, the company’s current market price of $11.20 came rising about 2.66 while comparing to the previous closing price of $10.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.51 and as low as $3.25. In the recent trading on the day, stock has struck highest price mark of $10.28 while lowest mark touched by it was $11.3999.

Taking a look at 20-day trading activity of Nano Nuclear Energy Inc. (NNE) gives us an average price of $10.11, while its current price level is -70.14% below from 52-week high level whereas it is 244.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.83. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.04% during that period while stretching the period over a month that decreases to 22.06%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.98 which implies that the stock is in neutral territory.

Over the week, NNE’s stock price is moving 40.88% up while it is -27.70% when we observe its performance for the past one month. Year-to-date it is 115.80% up and over the past year.

The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Nano Nuclear Energy Inc.’s total number of outstanding shares is 28.57M. Stock has a price to book (P/B) ratio of 24.98.