Nano Nuclear Energy Inc (NNE) Stock Trading Recap
On Friday, Nano Nuclear Energy Inc (NNE) stock saw a decline, ending the day at $10.12 which represents a decrease of $-0.62 or -5.77% from the prior close of $10.74. The volume of shares traded was 0.59 million falling short of the average volume of 2.29 million.
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NNE Stock Performance and Moving Averages
In recent trading, Nano Nuclear Energy Inc (NNE) stock price has shown some volatility, fluctuating -0.78% over the last five trades and 2.64% over the past 30 trades. This represents a notable shift from earlier in the year. The stock has gained 35.48% in the previous three months. Currently, NNE is trading at 7.80%, -36.97%, and -18.45% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NNE, a Industrials sector stock, is trading -73.02% below its 52-week high but remains 211.38% above its 52-week low. The Average True Range (ATR) (14 days) of 2.1 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Nano Nuclear Energy Inc’s Profitability and Valuation Ratios
In terms of valuation, Nano Nuclear Energy Inc’s market capitalization stands at $304.92 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Book Ratio is 22.57, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 43.36% of Nano Nuclear Energy Inc (NNE)’s shares, while financial institutions hold 0.82%.
