NexGen Energy Ltd. (NYSE:NXE) concluded the trading at $2.8 on Friday, Jan 22, with a fall of -1.41% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $2.84 and 5Y monthly beta was reading 0 with its price kept floating in the range of $2.7201 and $2.8900 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that NXE hit a high price of $3.09 and saw its price falling to a low level of $0.5 during that period. Over a period of past 1-month, stock came adding 4.48% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review NXE stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 6 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending NexGen Energy Ltd. (NXE) as a Hold, while 5 are in view that stock is a Buy. Recommendation by 1 analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the NXE stock which is currently positioned at 0. It further provides that stock’s current price level is 0.59% away from its 20-day simple moving average and is 18.39% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 55.78 while volatility remained at 6.45% over the past week which changes to 6.66% when measuring it over the past month. Beta is valued at 0, while measure of average true range or ATR is currently at 0.19. In predicting price targets of as low as $4 and as high as $5.55, analysts are in agreement on assigning the stock over the next 12 months average price target of $4.91. Stock’s current price level is 42.86% above from estimated low price target while it is 98.21% below the estimated high; and even if the NXE’s share succeeded to reach the median price of $5, then the outlook of +78.57% could come to the excitement of the investors.
In comparing NexGen Energy Ltd. (NXE)’s stock with other industry players reveals that stock’s current price change of -1.41% and that of +133.33% over the past 12 months is in competing position with that of Bhp Billiton Ltd (BHP) which saw its stock price fell by -0.75% in the last trading and went through an increase of 29.03% in past 12-month trading. Industry’s another major player Rio Tinto Plc (RIO) has fell -1.2% down in previous session, but over the past year has faced a rise of 38.18%, while Bhp Billiton Plc (BBL) was also down -1.41% however its price remained floating in the green at 133.33% over the same period. NexGen Energy Ltd. has a P/E ratio of 0 against that of Bhp Billiton Ltd’s 22.87 while Rio Tinto Plc is showing 18.47 for the same. On the other hand, the S&P 500 Index was down -0.3% in the last trading session while the Dow Jones Industrial closed the session lower at -0.57%.
Having a second look at NexGen Energy Ltd. (NYSE:NXE) provides that stock’s average daily trading volume for 3 months was 1.03 Million, while it jumped to 944.49 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 377.71 Million.
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Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 14.93% while it is 23.03% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 14270000 which implies a short ratio of 8.95. This shows up a 3.79% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short declined as it was 15.84 Million in the previous month. Addition of +1.45% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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