Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NNE is 17.16M, and currently, shorts hold a 9.23% of that float. The average trading volume for NNE on October 14, 2024 was 2.45M shares.
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NNE) stock’s latest price update
The stock price of Nano Nuclear Energy Inc. (NASDAQ: NNE) has dropped by -2.40 compared to previous close of 17.94. Despite this, the company has seen a fall of -6.06% in its stock price over the last five trading days. globenewswire.com reported 2024-10-14 that New York, N.Y., Oct. 14, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced that its Chief Executive Officer and Head of Reactor Development, James Walker, will lead a virtual presentation alongside Founder and Chairman, Jay Yu, at the upcoming Mississippi Public Service Commission Nuclear Summit.
NNE’s Market Performance
Nano Nuclear Energy Inc. (NNE) has seen a -6.06% fall in stock performance for the week, with a 14.97% gain in the past month and a -22.38% plunge in the past quarter. The volatility ratio for the week is 14.74%, and the volatility levels for the past 30 days are at 19.60% for NNE. The simple moving average for the past 20 days is 13.88% for NNE’s stock, with a 37.84% simple moving average for the past 200 days.
NNE Trading at 47.11% 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 -53.32% of loss for the given period.
Volatility was left at 19.60%, however, over the last 30 days, the volatility rate increased by 14.74%, as shares surge +24.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +82.91% upper at present.
During the last 5 trading sessions, NNE fell by -5.60%, in comparison to the 20-day moving average, which settled at $15.38. In addition, Nano Nuclear Energy Inc. saw 237.38% 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 -0.5.
Based on Nano Nuclear Energy Inc. (NNE), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -3.62.
Currently, EBITDA for the company is -6.28 million with net debt to EBITDA at 1.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.93.
Conclusion
In conclusion, Nano Nuclear Energy Inc. (NNE) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
