Will Nano Nuclear Energy Inc (NASDAQ: NNE) Stock Boom Or Bust From Here?

During the recent session, Nano Nuclear Energy Inc (NASDAQ:NNE)’s traded shares were 0.72 million. At the last check today, the stock’s price was $24.36, reflecting an intraday loss of -2.15% or -$0.54. The 52-week high for the NNE share is $37.51, that puts it down -53.98 from that peak though still a striking 86.66% gain since the share price plummeted to a 52-week low of $3.25. The company’s market capitalization is $891.50M, and the average intraday trading volume over the past 10 days was 3.58 million shares, and the average trade volume was 5.03 million shares over the past three months.

Nano Nuclear Energy Inc (NNE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. NNE has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.

Nano Nuclear Energy Inc (NASDAQ:NNE) trade information

Nano Nuclear Energy Inc (NNE) registered a -2.15% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.15% in intraday trading to $24.36, hitting a weekly high. The stock’s 5-day price performance is -14.77%, and it has moved by -13.00% in 30 days. The short interest in Nano Nuclear Energy Inc (NASDAQ:NNE) is 3.71 million shares and it means that shorts have 0.72 day(s) to cover.

The consensus price target of analysts on Wall Street is $50, which implies an increase of 51.28% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $50 and $50 respectively. As a result, NNE is trading at a discount of -105.25% off the target high and -105.25% off the low.

Nano Nuclear Energy Inc (NNE) estimates and forecasts

Statistics show that Nano Nuclear Energy Inc has underperformed its competitors in share price, compared to the industry in which it operates. Nano Nuclear Energy Inc (NNE) shares have gone up 3.00% during the last six months, with a year-to-date growth rate less than the industry average at -135.90% against -3.90.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 300k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 420k by the end of current fiscal year. While earnings are projected to return -118.18% in 2025.

NNE Dividends

Nano Nuclear Energy Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.