The stock of Nano Nuclear Energy Inc (NNE) has gone down by -3.14% for the week, with a -8.85% drop in the past month and a 69.33% rise in the past quarter. The volatility ratio for the week is 12.94%, and the volatility levels for the past 30 days are 11.47% for NNE. The simple moving average for the past 20 days is -5.23% for NNE’s stock, with a 50.12% simple moving average for the past 200 days.
Is It Worth Investing in Nano Nuclear Energy Inc (NASDAQ: NNE) Right Now?
Analysts have differing opinions 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 18.51% ratio of that floaft. The average trading volume of NNE on December 30, 2024 was 5.06M shares.
NNE) stock’s latest price update
The stock price of Nano Nuclear Energy Inc (NASDAQ: NNE) has plunged by -9.36 when compared to previous closing price of 26.92, but the company has seen a -3.14% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-30 that New York, N.Y., Dec. 30, 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 reported its fiscal year end 2024 results and provided a corporate outlook.
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 1.99% 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 -34.95% of loss for the given period.
Volatility was left at 11.47%, however, over the last 30 days, the volatility rate increased by 12.94%, as shares sank -12.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.46% upper at present.
During the last 5 trading sessions, NNE fell by -4.49%, in comparison to the 20-day moving average, which settled at $25.73. In addition, Nano Nuclear Energy Inc saw 370.14% 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 -0.63.
Currently, EBITDA for the company is 32994.0 with net debt to EBITDA at 1.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.93.
Conclusion
In a nutshell, Nano Nuclear Energy Inc (NNE) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
