Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NNE is 20.04M, and currently, short sellers hold a 9.10% ratio of that float. The average trading volume of NNE on November 29, 2024 was 4.77M shares.
NNE) stock’s latest price update
Nano Nuclear Energy Inc (NASDAQ: NNE) has experienced a rise in its stock price by 6.84 compared to its previous closing price of 26.77. However, the company has seen a fall of -2.22% in its stock price over the last five trading days. globenewswire.com reported 2024-11-29 that New York, N.Y., Nov. 29, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear or “the Company”), a leading vertically integrated advanced nuclear energy and technology company developing portable clean nuclear energy solutions, today announced that it will participate and present at the upcoming invite-only, virtual Nuclear Energy Revisited Conference, hosted by Craig-Hallum Capital Group on December 11th, 2024.
NNE’s Market Performance
NNE’s stock has fallen by -2.22% in the past week, with a monthly rise of 40.61% and a quarterly rise of 182.61%. The volatility ratio for the week is 19.81% while the volatility levels for the last 30 days are 14.30% for Nano Nuclear Energy Inc The simple moving average for the past 20 days is 21.44% for NNE’s stock, with a 91.52% simple moving average for the past 200 days.
Analysts’ Opinion of NNE
Many brokerage firms have already submitted their reports for NNE stocks, with H.C. Wainwright repeating the rating for NNE by listing it as a “Buy.” The predicted price for NNE in the upcoming period, according to H.C. Wainwright is $50 based on the research report published on October 30, 2024 of the current year 2024.
NNE Trading at 41.35% 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 -23.75% of loss for the given period.
Volatility was left at 14.30%, however, over the last 30 days, the volatility rate increased by 19.81%, as shares surge +47.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +172.90% upper at present.
During the last 5 trading sessions, NNE fell by -1.20%, in comparison to the 20-day moving average, which settled at $23.57. In addition, Nano Nuclear Energy Inc saw 451.06% 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 -0.6.
Currently, EBITDA for the company is 32994.0 with net debt to EBITDA at 2.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.93.
Conclusion
To put it simply, Nano Nuclear Energy Inc (NNE) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
