Nano Nuclear Energy Inc. (NNE) Down -54.97% From Its 52-Week High, But Growth Potential Is Changing Over Time

Nano Nuclear Energy Inc. (NASDAQ:NNE) currently has a daily average trading volume of 2.38M but it saw 3797257 shares traded in last market. With a market cap of 508.90M USD, the company’s current market price of $16.89 came falling about -3.92 while comparing to the previous closing price of $17.58. 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 $16.0 while lowest mark touched by it was $18.06.

Taking a look at 20-day trading activity of Nano Nuclear Energy Inc. (NNE) gives us an average price of $12.91, while its current price level is -54.97% below from 52-week high level whereas it is 419.69% 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 $11.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.76% during that period while stretching the period over a month that increases to 21.17%. 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 62.29 which implies that the stock is in neutral territory.

Over the week, NNE’s stock price is moving 12.00% up while it is 101.31% when we observe its performance for the past one month. Year-to-date it is 225.43% up and over the past year.

Currently, Nano Nuclear Energy Inc.’s total number of outstanding shares is 28.57M. Stock has a price to book (P/B) ratio of 37.67.