Nano Nuclear Energy Inc (NASDAQ:NNE) 86.69% Above Its 52-Week Low, How Long Will It Keep Rising?

In last trading session, Nano Nuclear Energy Inc (NASDAQ:NNE) saw 3.06 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $24.41 trading at $0.68 or 2.87% at ring of the bell on the day assigns it a market valuation of $805.53M. That closing price of NNE’s stock is at a discount of -53.67% from its 52-week high price of $37.51 and is indicating a premium of 86.69% from its 52-week low price of $3.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.93 million shares which gives us an average trading volume of 5.20 million if we extend that period to 3-months.

For Nano Nuclear Energy Inc (NNE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

Nano Nuclear Energy Inc (NASDAQ:NNE) trade information

Upright in the green during last session for gaining 2.87%, in the last five days NNE remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $24.41 price level, adding 10.75% to its value on the day. Nano Nuclear Energy Inc’s shares saw a change of 370.33% in year-to-date performance and have moved 5.67% in past 5-day. Nano Nuclear Energy Inc (NASDAQ:NNE) showed a performance of -3.37% in past 30-days. Number of shares sold short was 2.95 million shares which calculate 0.56 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 50 to the stock, which implies a rise of 51.18% to its current value. Analysts have been projecting 50 as a low price target for the stock while placing it at a high target of 50. It follows that stock’s current price would drop -104.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -104.83% for stock’s current value.

And 1 analysts are in estimates of company making revenue of 300k in the next quarter.

On the other hand, iShares Russell 2000 ETF and iShares Russell 2000 Value ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 109.83 shares of worth $2.68 million or 0.34% of the total outstanding shares. The later fund manager was in possession of 33.38 shares on Sep 30, 2024 , making its stake of worth around $0.81 million in the company or a holder of 0.10% of company’s stock.