NexGen Energy Ltd. (AMEX:NXE) price closed lower on Monday, September 13, dropping -0.68% below its previous close.
A look at the daily price movement shows that the last close reads $5.84, with intraday deals fluctuated between $5.77 and $6.17. The company’s 5Y monthly beta was ticking 1.61. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.99 and 52-week low of $1.58. The stock added 43.92% on its value in the past month.
NexGen Energy Ltd., which has a market valuation of $3.32 billion, is expected to release its quarterly earnings report Nov 08, 2021 – Nov 13, 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NXE a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned NXE a recommendation rating as follows: 1 rate it as a Hold; 4 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the NexGen Energy Ltd. (NXE) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that NXE’s price is at present 25.99% off the SMA20 and 36.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 76.13, with weekly volatility standing at 6.50%. The indicator jumps to 5.68% when calculated based on the past 30 days. NexGen Energy Ltd. (AMEX:NXE)’s beta value is holding at 1.61, while the average true range (ATR) indicator is currently reading 0.28. Considering analysts have assigned the stock a price target range of $6.00-$7.50 as the low and high respectively, we find the trailing 12-month average consensus price target to be $6.96. Based on this estimate, we see that current price is roughly -3.45% off the estimated low and -29.31% off the forecast high. Investors will no doubt be excited to see the share price fall to $7.00, which is the median consensus price, and at that level NXE would be -20.69% from current price.
Turning out attention to how the NexGen Energy Ltd. stock has performed in comparison to its peers in the industry, here’s what we find: NXE’s stock is -0.68% on the day and 232.82% in the past 12 months, while NexGen Energy Ltd. (NXE) traded -0.68% in the last session and was positioned 232.82% up on its price 12 months ago. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the NexGen Energy Ltd. (AMEX:NXE) stock in terms of its daily trading volume indicates that the 3-month average is 1.82 million.
Current records show that the company has 471.86M in outstanding shares. The insiders’ percentage holdings are 16.15% of outstanding shares while the percentage share held by institutions stands at 22.81%. But the 110.14% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.