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Charting the Course: Nano Nuclear Energy Inc.’s NNE Stock Prospects

52-week price history of NNE Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Nano Nuclear Energy Inc.’s current trading price is -70.49% away from its 52-week high, while its distance from the 52-week low is 240.62%. The stock’s price range during this period has fluctuated between $3.25 and $37.51. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 2.53 million for the day, which was evidently higher than the average daily volume of 2.19 million over the last three months.

Financial Performance and Market Capitalization

Nano Nuclear Energy Inc. (NNE) has experienced a quarterly rise of 182.40% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 333.54M.

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Moving average and trading volume data

NNE Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NNE stands at 0.15. Similarly, the long-term debt-to-equity ratio is also 0.12.

NNE Stock Stochastic Average

Nano Nuclear Energy Inc.’s raw stochastic average for the past 50 days is currently at 15.28%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 45.25%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 26.52% and 16.67%, respectively.

NNE Stock Price Performance Analysis

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price increase of 113.29%. The price of NNE leaped by -42.64% over the last 30 days. And in the last five days, it has surged by 37.34%.

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