North Korea has ramped up the volume on its bellicose rhetoric in recent weeks in response to the launch of annual South Korean-US joint military exercises.
Pyongyang's condemnation of the drills has included veiled threats of a nuclear test, but the US-Korea Institute at Johns Hopkins University said satellite pictures offered no indication that any detonation was in the works.
While the North's Punggye-ri nuclear site is "at a sufficient state of readiness to move forward with a test if ordered to do so... There are no signs of preparations", the institute said in an analysis posted on its closely-followed 38 North website.
North Korea is already subject to a raft of UN and US sanctions imposed as the result of its three previous nuclear tests, carried out in 2006, 2009 and 2013.
Pyongyang is currently believed to have a stockpile of some 10 to 16 nuclear weapons fashioned from either plutonium or weapons-grade uranium.
A recent report by US researchers, including the US-Korea Institute, warned that North Korea appeared poised to expand its nuclear program over the next five years and, in a worst case scenario, could possess 100 atomic arms by 2020.
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