Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of Nano Nuclear Energy Inc (NASDAQ: NNE) closed at $24.71 in the last session, up 5.55% from day before closing price of $23.41. In other words, the price has increased by $5.55 from its previous closing price. On the day, 3.69 million shares were traded. NNE stock price reached its highest trading level at $26.0 during the session, while it also had its lowest trading level at $23.58.
Ratios:
We take a closer look at NNE’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 15.96 and its Current Ratio is at 15.96. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
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.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NNE now has a Market Capitalization of 905663488 and an Enterprise Value of 799217920.
Stock Price History:
Over the past 52 weeks, NNE has reached a high of $37.51, while it has fallen to a 52-week low of $3.25. The 50-Day Moving Average of the stock is -1.41%, while the 200-Day Moving Average is calculated to be 46.40%.
Shares Statistics:
According to the various share statistics, NNE traded on average about 5.11M shares per day over the past 3-months and 4809720 shares per day over the past 10 days. A total of 30.72M shares are outstanding, with a floating share count of 20.04M. Insiders hold about 39.28% of the company’s shares, while institutions hold 4.87% stake in the company. Shares short for NNE as of 1734048000 were 3708917 with a Short Ratio of 0.67, compared to 1731628800 on 1823382. Therefore, it implies a Short% of Shares Outstanding of 3708917 and a Short% of Float of 14.92.
