Nano Nuclear Energy Inc (NASDAQ: NNE) is -17.57% lower on its value in year-to-date trading and has touched a low of $3.25 and a high of $48.05 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NNE stock was last observed hovering at around $22.15 in the last trading session, with the day’s loss setting it -1.63%.
Currently trading at $20.52, the stock is -20.22% and -27.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -7.36% at the moment leaves the stock -8.04% off its SMA200. NNE registered a gain of 16.66% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $28.3423 and a 200-day simple moving average (SMA200) of $22.3145.
The stock witnessed a -31.87% loss in the last 1 month and extending the period to 3 months gives it a -10.20%, and is -17.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.31% over the week and 9.58% over the month.
Nano Nuclear Energy Inc (NNE) has around 5 employees, a market worth around $760.73M and $0.00M in sales. Distance from 52-week low is 531.38% and -57.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.08%).
The EPS is expected to shrink by -8.97% this year, but quarterly earnings will post 0.00% year-over-year.
161.0 institutions hold shares in Nano Nuclear Energy Inc (NNE), with institutional investors hold 32.58% of the company’s shares. The shares outstanding are 36.74M, and float is at 24.11M with Short Float at 18.03%. Institutions hold 21.19% of the Float.
The top institutional shareholder in the company is CITIZENS FINANCIAL GROUP INC/RI with over 86000.0 shares valued at $2.02 million. The investor’s holdings represent 0.3132 of the NNE Shares outstanding. As of 2024-06-30, the second largest holder is SCHONFELD STRATEGIC ADVISORS LLC with 39461.0 shares valued at $0.92 million to account for 0.1437 of the shares outstanding. The other top investors are SASSICAIA CAPITAL ADVISERS LLC which holds 30686.0 shares representing 0.1117 and valued at over $0.72 million, while MILLENNIUM MANAGEMENT LLC holds 0.0915 of the shares totaling 25124.0 with a market value of $0.59 million.
