In today’s recent session, 0.73 million shares of the Nano Nuclear Energy Inc (NASDAQ:NNE) were traded. Most recently the company’s share price was $31.73, and it changed around $1.54 or 5.10% from the last close, which brings the market valuation of the company to $1.18B. NNE at last check was trading at a discount to its 52-week high of $48.05, offering almost -51.43% off that amount. The share price’s 52-week low was $3.25, which indicates that the recent value has risen by an impressive 89.76% since then. We note from Nano Nuclear Energy Inc’s average daily trading volume that its 10-day average is 2.2 million shares, with the 3-month average coming to 4.93 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 for the current quarter.
Nano Nuclear Energy Inc (NASDAQ:NNE) trade information
Instantly NNE has been showing a green trend so far today with a performance of 5.10% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 32.28 on recent trading dayincreased the stock’s daily price by 1.7%. The company’s shares are currently up 27.46% year-to-date, but still up 3.66% over the last five days. On the other hand, Nano Nuclear Energy Inc (NASDAQ:NNE) is 9.64% up in the 30-day period. We can see from the shorts that 4.52 million shares have been sold at a short interest cover period of 0.81 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 36.54% from its current value. Analyst projections state that NNE is forecast to be at a low of $50 and a high of $50.
Nano Nuclear Energy Inc (NNE) estimates and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 420k in revenue for the current quarter. 1 analysts expect Nano Nuclear Energy Inc to make 630k in revenue for the current ending quarter. Nano Nuclear Energy Inc earnings are expected to increase by -52.56% in 2025, but the outlook is negative -16.71% per year for the next five years.
Nano Nuclear Energy Inc (NASDAQ:NNE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 34.97% of Nano Nuclear Energy Inc shares, and 21.07% of them are in the hands of institutional investors. The stock currently has a share float of 32.41%. Nano Nuclear Energy Inc stock is held by 150.0 institutions, with CITIZENS FINANCIAL GROUP INC/RI being the largest institutional investor. By 2024-06-30, it held 0.3132% of the shares, which is about 86000.0 shares worth $2.02 million.
SCHONFELD STRATEGIC ADVISORS LLC, with 0.1437% or 39461.0 shares worth $0.92 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck Uranium and Nuclear ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 28, 2025. The former held 711.28 shares worth $22.89 million, making up 1.92% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 635.4 shares worth around $20.45 million, which represents about 1.71% of the total shares outstanding.
