The stock price of Nano Nuclear Energy Inc. (NASDAQ: NNE) has surged by 34.25 when compared to previous closing price of 20.38, but the company has seen a 55.54% gain in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Nano Nuclear Energy Inc. (NASDAQ: NNE) Right Now?
There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NNE is 17.16M and currently, short sellers hold a 9.23% ratio of that float. The average trading volume of NNE on October 22, 2024 was 2.88M shares.
NNE’s Market Performance
The stock of Nano Nuclear Energy Inc. (NNE) has seen a 55.54% increase in the past week, with a 110.14% rise in the past month, and a 76.63% gain in the past quarter. The volatility ratio for the week is 23.79%, and the volatility levels for the past 30 days are at 18.92% for NNE. The simple moving average for the last 20 days is 56.37% for NNE stock, with a simple moving average of 109.64% for the last 200 days.
NNE Trading at 108.24% 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 -27.06% of loss for the given period.
Volatility was left at 18.92%, however, over the last 30 days, the volatility rate increased by 23.79%, as shares surge +93.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +209.50% upper at present.
During the last 5 trading sessions, NNE rose by +55.54%, in comparison to the 20-day moving average, which settled at $17.50. In addition, Nano Nuclear Energy Inc. saw 427.17% 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 seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
