Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Nano Nuclear Energy Inc’s current trading price is -38.02% away from its 52-week high, while its distance from the 52-week low is 816.31%. The stock’s price range during this period has varied between $3.25 and $48.05. The company, active in the Industrials sector, saw a trading volume of around 1.66 million for the day, considerably lower average daily volume of 5.82 million observed over the last three months.
How Financial Performance Impacts Market Capitalization
Nano Nuclear Energy Inc (NNE) has experienced a quarterly rise of 37.24% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.10B and boasts a workforce of 5 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 25.55, with a change in price of +16.66. Similarly, Nano Nuclear Energy Inc recorded 5,542,090 in trading volume during the last 100 days, posting a change of +131.80%.
How NNE’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NNE stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
NNE Stock Stochastic Average
As of today, the raw stochastic average of Nano Nuclear Energy Inc over the last 50 days is at 34.99%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 2.14%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.99% and 21.87%, respectively.
NNE Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 19.62%. However, over the past six months, we’ve seen a weaker performance of 169.02%. The price of NNE leaped by -7.46% over the last 30 days. And in the last five days, it has fallen by -13.98%.
