Financial Metrics Exploration: Understanding Nano Nuclear Energy Inc (NNE) Through Ratios

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The closing price of Nano Nuclear Energy Inc (NASDAQ: NNE) was $30.50 for the day, down -5.54% from the previous closing price of $32.29. In other words, the price has decreased by -$5.54 from its previous closing price. On the day, 2.89 million shares were traded.

Ratios:

Our analysis of NNE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 27.20 and its Current Ratio is at 27.20. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, H.C. Wainwright on October 30, 2024, initiated with a Buy rating and assigned the stock a target price of $50.

Stock Price History:

Over the past 52 weeks, NNE has reached a high of $48.05, while it has fallen to a 52-week low of $6.30. The 50-Day Moving Average of the stock is 17.40%, while the 200-Day Moving Average is calculated to be 24.29%.

Shares Statistics:

A total of 37.26M shares are outstanding, with a floating share count of 26.97M. Insiders hold about 34.97% of the company’s shares, while institutions hold 22.04% stake in the company.

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