A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Nano Nuclear Energy Inc’s current trading price is -31.47% away from its 52-week high, while its distance from the 52-week low is 913.23%. The stock’s price range for this time frame has been between $3.25 and $48.05. The trading volume of the company’s shares in the Industrials reached around 3.05 million for the day, which was evidently lower than the average daily volume of 4.93 million over the last three months.
How Financial Performance Impacts Market Capitalization
Nano Nuclear Energy Inc (NNE) has experienced a quarterly rise of 38.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.22B 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 27.83, with a change in price of +13.75. Similarly, Nano Nuclear Energy Inc recorded 4,906,563 in trading volume during the last 100 days, posting a change of +71.69%.
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
Nano Nuclear Energy Inc’s raw stochastic average for the past 50 days is currently at 47.57%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 98.34%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 85.51% and 83.07%, 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. The index has shown a price gain of 32.28% this year. Over the last six months, there has been a weaker performance of 210.95%. The price of NNE fallen by 13.79% during the last 30 days period. For the last 5-days stocks have improved 7.58%.
