Nano Nuclear Energy Inc [NASDAQ: NNE] stock went on a downward path that fall over -8.29% on Tuesday, amounting to a one-week price decrease of less than -13.14%.
The one-year Nano Nuclear Energy Inc stock forecast points to a potential upside of 32.21. The average equity rating for NNE stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.18 billion, with 30.72 million shares outstanding and 21.31 million shares in the current float. Compared to the average trading volume of 5.82M shares, NNE stock reached a trading volume of 4656660 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Nano Nuclear Energy Inc [NNE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NNE shares is $47.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NNE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
H.C. Wainwright have made an estimate for Nano Nuclear Energy Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 30, 2024.
The Average True Range (ATR) for Nano Nuclear Energy Inc is set at 4.79 The Price to Book ratio for the last quarter was 31.29, with the Price to Cash per share for the same quarter was set at 0.78.
NNE Stock Performance Analysis:
Nano Nuclear Energy Inc [NNE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.14. With this latest performance, NNE shares gained by 25.49% in over the last four-week period, additionally plugging by 264.25% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NNE stock in for the last two-week period is set at 49.03, with the RSI for the last a single of trading hit 44.34, and the three-weeks RSI is set at 51.14 for Nano Nuclear Energy Inc [NNE]. The present Moving Average for the last 50 days of trading for this stock 29.19, while it was recorded at 34.30 for the last single week of trading.
Insight into Nano Nuclear Energy Inc Fundamentals:
Nano Nuclear Energy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.96 and a Current Ratio set at 15.96.
NNE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NNE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nano Nuclear Energy Inc go to -16.71%.
