Nano Nuclear Energy Inc (NASDAQ:NNE) Could Grow By 60.71% Or More

In last trading session, Nano Nuclear Energy Inc (NASDAQ:NNE) saw 8.3 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $40.01 trading at $3.47 or 9.50% at ring of the bell on the day assigns it a market valuation of $1.47B. That closing price of NNE’s stock is at a discount of -20.09% from its 52-week high price of $48.05 and is indicating a premium of 91.88% 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 9.23 million shares which gives us an average trading volume of 5.37 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 9.50%, in the last five days NNE remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $40.01 price level, adding 16.73% to its value on the day. Nano Nuclear Energy Inc’s shares saw a change of 60.71% in year-to-date performance and have moved -6.39% in past 5-day. Nano Nuclear Energy Inc (NASDAQ:NNE) showed a performance of 48.63% in past 30-days. Number of shares sold short was 3.71 million shares which calculate 0.72 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 19.98% 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 -24.97% in reaching the projected high whereas dropping to the targeted low would mean a loss of -24.97% for stock’s current value.

Nano Nuclear Energy Inc (NNE) estimates and forecasts

Statistics highlight that Nano Nuclear Energy Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 213.80% of value to its shares in past 6 months, showing an annual growth rate of -135.90% while that of industry is -1.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2025.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 300k for the same. And 1 analysts are in estimates of company making revenue of 420k in the next quarter.