Nano Nuclear Energy Inc (NNE): What Is Good About Stock?

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Nano Nuclear Energy Inc (NASDAQ:NNE) has seen 1.23 million shares traded in the last trading session. The company, currently valued at $962.41M, closed the last trade at $25.96 per share which meant it lost -$0.5 on the day or -1.89% during that session. The NNE stock price is -85.09% off its 52-week high price of $48.05 and 87.48% 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 2.01 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.

Nano Nuclear Energy Inc (NASDAQ:NNE) trade information

Sporting -1.89% in the red in last session, 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 $25.96 or saw a rise of 16.47%. Year-to-date, Nano Nuclear Energy Inc shares have moved 4.28%, while the 5-day performance has seen it change -17.93%. Over the past 30 days, the shares of Nano Nuclear Energy Inc (NASDAQ:NNE) have changed -4.56%. 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 48.08% from current levels. 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 current price level is -92.6% off the targeted high while a plunge would see the stock gain -92.6% from current levels.

Nano Nuclear Energy Inc (NNE) estimates and forecasts

The company’s shares have gained 73.18% over the past 6 months.

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.