Nano Nuclear Energy Inc. (NASDAQ: NNE)’s stock price has gone rise by 4.30 in comparison to its previous close of 18.39, however, the company has experienced a -5.89% decrease 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.
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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NNE is 17.16M and currently, short sellers hold a 11.04% ratio of that float. The average trading volume of NNE on October 28, 2024 was 3.35M shares.
NNE’s Market Performance
NNE stock saw an increase of -5.89% in the past week, with a monthly gain of 27.19% and a quarterly increase of 39.29%. The volatility ratio for the week is 19.01%, and the volatility levels for the last 30 days are 18.40% for Nano Nuclear Energy Inc. (NNE). The simple moving average for the past 20 days is 2.45% for NNE’s stock, with a 44.29% simple moving average for the past 200 days.
NNE Trading at 35.67% 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 -48.87% of loss for the given period.
Volatility was left at 18.40%, however, over the last 30 days, the volatility rate increased by 19.01%, as shares surge +27.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +128.61% upper at present.
During the last 5 trading sessions, NNE fell by -5.89%, in comparison to the 20-day moving average, which settled at $18.72. In addition, Nano Nuclear Energy Inc. saw 269.56% 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’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.
