The stock of Nano Nuclear Energy Inc (NNE) has gone down by -16.67% for the week, with a 43.15% rise in the past month and a 226.34% rise in the past quarter. The volatility ratio for the week is 12.08%, and the volatility levels for the past 30 days are 13.71% for NNE. The simple moving average for the last 20 days is 16.97% for NNE stock, with a simple moving average of 86.45% for the last 200 days.
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,” 1 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 20.04M, and at present, short sellers hold a 9.10% of that float. The average trading volume of NNE on December 03, 2024 was 4.87M shares.
NNE) stock’s latest price update
Nano Nuclear Energy Inc (NASDAQ: NNE)’s stock price has increased by 1.41 compared to its previous closing price of 27.61. However, the company has seen a -16.67% decrease in its stock price over the last five trading sessions. 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.
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 36.49% 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 -25.35% of loss for the given period.
Volatility was left at 13.71%, however, over the last 30 days, the volatility rate increased by 12.08%, as shares surge +45.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +115.05% upper at present.
During the last 5 trading sessions, NNE fell by -16.67%, in comparison to the 20-day moving average, which settled at $23.94. In addition, Nano Nuclear Energy Inc saw 439.50% 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
In summary, Nano Nuclear Energy Inc (NNE) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
