Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NNE is 16.33M, and currently, shorts hold a 5.60% of that float. The average trading volume for NNE on August 13, 2024 was 2.07M shares.
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NNE) stock’s latest price update
Nano Nuclear Energy Inc. (NASDAQ: NNE) has seen a decline in its stock price by -8.82 in relation to its previous close of 8.84. However, the company has experienced a 2.28% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-08-12 that NEW YORK, NY / ACCESSWIRE / August 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of NANO Nuclear Energy Inc. (“NANO”) (NASDAQ:NNE) concerning possible violations of federal securities laws. On July 19, 2024, Hunterbrook Media published a report entitled “Fission Impossible: Nano Nuclear Has No Revenue, No Products, ‘Laughable’ Timelines, Part-Time Executives, and a $600 Million Market Cap”.
NNE’s Market Performance
NNE’s stock has risen by 2.28% in the past week, with a monthly drop of -67.76% and a quarterly rise of 78.71%. The volatility ratio for the week is 19.12% while the volatility levels for the last 30 days are 18.98% for Nano Nuclear Energy Inc. The simple moving average for the past 20 days is -43.01% for NNE’s stock, with a -37.92% simple moving average for the past 200 days.
NNE Trading at -48.15% from the 50-Day Moving Average
After a stumble in the market that brought NNE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.51% of loss for the given period.
Volatility was left at 18.98%, however, over the last 30 days, the volatility rate increased by 19.12%, as shares sank -66.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.89% lower at present.
During the last 5 trading sessions, NNE rose by +2.28%, in comparison to the 20-day moving average, which settled at $13.35. In addition, Nano Nuclear Energy Inc. saw 55.30% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NNE
The total capital return value is set at -0.37.
Based on Nano Nuclear Energy Inc. (NNE), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -1.79.
Currently, EBITDA for the company is -6.28 million with net debt to EBITDA at 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.88.
Conclusion
In conclusion, Nano Nuclear Energy Inc. (NNE) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
