Nano Nuclear Energy Inc. (NASDAQ:NNE) does about 3.44M shares in volume on a normal day but saw 8670851 shares change hands in the recent trading day. The company now has a market cap of 655.93M USD. Its current market price is $21.77, marking an increase of 13.50% compared to the previous close of $19.18. 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 $19.09 and the current price is -41.96% off the 52-week high compared with 569.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.40. If we look at the stock’s price movements over the week, volatility stands at 16.10%, which increases to 18.06% 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 56.94 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 44.18% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 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.
The current price level is 14.04%, 51.19%, and 62.90% away from its SMA20, SMA50, and SMA200 respectively, with the NNE price moving below the 50-day SMA on current market day. Nano Nuclear Energy Inc. (NNE) stock is down -20.43% over the week and 45.23% over the past month. Its price is 319.46% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.45 for whole year.
To reach the target analysts have set, the stock logically needs to grow 44.18 percent from here.
Outstanding shares total 28.57M with insiders holding 43.03% of the shares and institutional holders owning 1.55% of the company’s common stock. Price to book ratio is 48.56.
