Nano Nuclear Energy Inc. (NASDAQ: NNE): Stock Forecast For 2024 Remains Weak With A Downward Revision Of 35.3%

In the last trading session, 8.67 million shares of the Nano Nuclear Energy Inc. (NASDAQ:NNE) were traded. Most recently the company’s share price was $21.77, and it changed around $2.59 or 13.50% from the last close, which brings the market valuation of the company to $655.93M. NNE currently trades at a discount to its 52-week high of $37.51, offering almost -72.3% off that amount. The share price’s 52-week low was $3.25, which indicates that the current value has risen by an impressive 85.07% since then. We note from Nano Nuclear Energy Inc.’s average daily trading volume that its 10-day average is 8.47 million shares, with the 3-month average coming to 3.44 million.

Nano Nuclear Energy Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended NNE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Nano Nuclear Energy Inc. is expected to report earnings per share of 0 for the current quarter.

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Nano Nuclear Energy Inc. (NASDAQ:NNE) trade information

Instantly NNE has showed a green trend with a performance of 13.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 25.95 on recent trading dayincreased the stock’s daily price by 16.11%. The company’s shares are currently up 319.46% year-to-date, but still down -20.43% over the last five days. On the other hand, Nano Nuclear Energy Inc. (NASDAQ:NNE) is 45.23% up in the 30-day period. We can see from the shorts that 1.89 million shares have been sold at a short interest cover period of 0.48 day(s).

NNE Dividends

Nano Nuclear Energy Inc.’s next quarterly earnings report is expected to be released in November.