Growth Story Still Intact For Nano Nuclear Energy Inc (NNE)

Nano Nuclear Energy Inc (NNE) concluded trading on Thursday at a closing price of $23.10, with 4.85 million shares of worth about $111.97 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 226.73% during that period and on December 12, 2024 the price saw a loss of about -4.15%. Currently the company’s common shares owned by public are about 29.00M shares, out of which, 20.04M shares are available for trading.

Stock saw a price change of -9.27% in past 5 days and over the past one month there was a price change of -0.52%. Over the period of past 52 weeks, stock dropped to lowest price of $3.25 but also hit the highest price of $37.51 during that period. The average intraday trading volume for Nano Nuclear Energy Inc shares is 5.17 million. The stock is currently trading -10.04% below its 20-day simple moving average (SMA20), while that difference is up 4.29% for SMA50 and it goes to 48.56% higher than SMA200.

Nano Nuclear Energy Inc (NASDAQ: NNE) currently have 29.00M outstanding shares and institutions hold larger chunk of about 4.68% of that.

The stock has a current market capitalization of $762.30M. It has Quick Ratio of 7.93 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NNE, volatility over the week remained 10.71% while standing at 13.81% over the month.

Stock’s fiscal year EPS is expected to drop by -118.18% while it is estimated to decrease by -28.13% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on October 30, 2024 offering a Buy rating for the stock and assigned a target price of $50 to it.

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