When Nano Nuclear Energy Inc (NNE) Will Be A Good Investment?

Nano Nuclear Energy Inc (NASDAQ:NNE) has seen 6.46 million shares traded in the recent trading session. The company, currently valued at $922.70M, closed the recent trade at $27.96 per share which meant it lost -$5.64 on the day or -16.78% during that session. The NNE stock price is -34.16% off its 52-week high price of $37.51 and 88.38% above the 52-week low of $3.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.54 million shares traded. The 3-month trading volume is 4.46 million shares.

The consensus among analysts is that Nano Nuclear Energy Inc (NNE) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.

Nano Nuclear Energy Inc (NASDAQ:NNE) trade information

Sporting -16.78% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NNE stock price touched $27.96 or saw a rise of 17.33%. Year-to-date, Nano Nuclear Energy Inc shares have moved 438.74%, while the 5-day performance has seen it change 23.23%. Over the past 30 days, the shares of Nano Nuclear Energy Inc (NASDAQ:NNE) have changed 45.78%. Short interest in the company has seen 2.82 million shares shorted with days to cover at 0.49.

Wall Street analysts have a consensus price target for the stock at $50, which means that the shares’ value could jump 44.08% from the levels at last check today. The projected low price target is $50.0 while the price target rests at a high of $50.0. In that case, then, we find that the latest price level in today’s session is -78.83% off the targeted high while a plunge would see the stock gain -78.83% from the levels at last check today.

Nano Nuclear Energy Inc (NNE) estimates and forecasts

The company’s shares have gained 409.30% over the past 6 months, compared to -9.10% for the industry.

1 have an estimated revenue figure of 300k for the next ending quarter.

NNE Dividends

Nano Nuclear Energy Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Nano Nuclear Energy Inc (NASDAQ:NNE)’s Major holders

Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and iShares Russell 2000 Value ETF. As of Sep 30, 2024, the former fund manager holds about 0.34% shares in the company for having 109.83 shares of worth $3.12 million while later fund manager owns 33.38 shares of worth $0.95 million as of Sep 30, 2024, which makes it owner of about 0.10% of company’s outstanding stock.