Nano Nuclear Energy Inc (NASDAQ: NNE) is 6.37% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NNE stock was last observed hovering at around $27.32 in the last trading session, with the day’s loss setting it -0.84%.
Currently trading at $26.48, the stock is 14.98% and 4.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.04 million and changing -3.07% at the moment leaves the stock 18.19% off its SMA200. NNE registered 487.14% gain for a year compared to 6-month gain of 16.04%.
The stock witnessed a 12.97% loss in the last 1 month and extending the period to 3 months gives it a -23.51%, and is 12.59% up 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 8.50% over the week and 7.82% over the month.
Nano Nuclear Energy Inc (NNE) has around 5 employees, a market worth around $981.69M and $0.00M in sales. Distance from 52-week low is 714.77% and -44.89% 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 -48.72% this year
The shares outstanding are 36.74M, and float is at 24.11M with Short Float at 17.86%.
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.
