Nano Nuclear Energy Inc (NASDAQ:NNE) currently has a daily average trading volume of 5.41M but it saw 5006045 shares traded in last market. With a market cap of 1.10B USD, the company’s current market price of $29.64 came rising about 16.24 while comparing to the previous closing price of $25.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $48.05 and as low as $3.25.
Taking a look at 20-day trading activity of Nano Nuclear Energy Inc (NNE) gives us an average price of $33.35, while its current price level is -38.31% below from 52-week high level whereas it is 812.00% 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 $30.09 while that of 200 days or SMA-200 reads an average of $19.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.54% during that period while stretching the period over a month that increases to 12.26%. 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 46.72 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the H.C. Wainwright which initiated the stock as “Buy” in its note to investors issued on October 30, 2024, recommending a price target of $50 for it.
Over the week, NNE’s stock price is moving -5.84% down while it is -10.88% when we observe its performance for the past one month. Year-to-date it is 19.06% up and over the past year.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $630k as analysts are expecting the sales for current fiscal year at $2.36M and seeing the company making $9.43M in sales next year. Moreover, analysts are in estimates of $420k for current-quarter revenue.
Currently, Nano Nuclear Energy Inc’s total number of outstanding shares is 36.74M with 34.97% of that held by the insiders while 21.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -9.08% and return on equity (ROE) at -17.34%. Stock has a price to book (P/B) ratio of 8.37. Its return on asset (ROA) is -16.79% on average.
