Nano Nuclear Energy Inc (NASDAQ: NNE): It Is A Stock Worth Considering Today

In the last trading session, 3.08 million shares of the Nano Nuclear Energy Inc (NASDAQ:NNE) were traded. Most recently the company’s share price was $21.70, and it changed around -$0.94 or -4.15% from the last close, which brings the market valuation of the company to $716.10M. NNE currently trades at a discount to its 52-week high of $37.51, offering almost -72.86% off that amount. The share price’s 52-week low was $3.25, which indicates that the current value has risen by an impressive 85.02% since then. We note from Nano Nuclear Energy Inc’s average daily trading volume that its 10-day average is 4.33 million shares, with the 3-month average coming to 4.16 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 2 analysts rate the stock as a Sell; another 1 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 -0.16 for the current quarter.

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Nano Nuclear Energy Inc (NASDAQ:NNE) trade information

Instantly NNE has showed a red trend with a performance of -4.15% 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 26.78 on recent trading dayincreased the stock’s daily price by 18.97%. The company’s shares are currently up 318.11% year-to-date, but still down -4.91% over the last five days. On the other hand, Nano Nuclear Energy Inc (NASDAQ:NNE) is 15.86% up in the 30-day period. We can see from the shorts that 2.82 million shares have been sold at a short interest cover period of 0.49 day(s).

The consensus price target as assigned by Wall Street analysts is $50, which translates to bulls needing to increase their stock price by 56.6% from its current value. Analyst projections state that NNE is forecast to be at a low of $50 and a high of $50.

1 analysts expect Nano Nuclear Energy Inc to make 300k in revenue for the current ending quarter.

NNE Dividends

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