Bears Are Back On The Defensive As Nano Nuclear Energy Inc (NNE) tumbled -0.26%

Nano Nuclear Energy Inc (NASDAQ:NNE) has seen 0.46 million shares traded in the recent trading session. The company, currently valued at $978.35M, closed the recent trade at $26.39 per share which meant it lost -$0.07 on the day or -0.26% during that session. The NNE stock price is -82.08% off its 52-week high price of $48.05 and 87.68% 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 2.02 million shares traded. The 3-month trading volume is 4.79 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 -0.26% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NNE stock price touched $26.39 or saw a rise of 15.09%. Year-to-date, Nano Nuclear Energy Inc shares have moved 6.01%, while the 5-day performance has seen it change -16.57%. Over the past 30 days, the shares of Nano Nuclear Energy Inc (NASDAQ:NNE) have changed -2.98%. Short interest in the company has seen 4.54 million shares shorted with days to cover at 1.55.

Wall Street analysts have a consensus price target for the stock at $50, which means that the shares’ value could jump 47.22% 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 -89.47% off the targeted high while a plunge would see the stock gain -89.47% from the levels at last check today.

Nano Nuclear Energy Inc (NNE) estimates and forecasts

The company’s shares have gained 76.05% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.00%.

NNE Dividends

Nano Nuclear Energy Inc is expected to release its next earnings report on 2025-Feb-12 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

Insiders own 34.97% of the company shares, while shares held by institutions stand at 21.04% with a share float percentage of 32.36%. Investors are also buoyed by the number of investors in a company, with Nano Nuclear Energy Inc having a total of 148.0 institutions that hold shares in the company. The top two institutional holders are CITIZENS FINANCIAL GROUP INC/RI with over 86000.0 shares worth more than $2.02 million. As of 2024-06-30, CITIZENS FINANCIAL GROUP INC/RI held 0.3132% of shares outstanding.

The other major institutional holder is SCHONFELD STRATEGIC ADVISORS LLC, with the holding of over 39461.0 shares as of 2024-06-30. The firm’s total holdings are worth over $0.92 million and represent 0.1437% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Uranium and Nuclear ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. As of Feb 28, 2025, the former fund manager holds about 1.92% shares in the company for having 711.28 shares of worth $18.97 million while later fund manager owns 635.4 shares of worth $16.95 million as of Dec 31, 2024, which makes it owner of about 1.71% of company’s outstanding stock.