NexGen Energy Ltd (NYSE:NXE) price on Friday, May 31, fall -0.76% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.81.
A look at the stock’s price movement, the level at last check in today’s session was $7.87. The PE ratio in trailing twelve months stood at 119.05. Turning to its 52-week performance, $8.88 and $3.61 were the 52-week high and 52-week low respectively. Overall, NXE moved 0.13% over the past month.
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NexGen Energy Ltd’s market cap currently stands at around $4.22 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NXE is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
NXE’s current price about -0.60% and -1.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.69, while 7-day volatility ratio is 3.44% and 5.42% in the 30-day chart. Further, NexGen Energy Ltd (NXE) has a beta value of 1.93, and an average true range (ATR) of 0.38.
If we refocus on NexGen Energy Ltd (NYSE:NXE), historical trading data shows that trading volumes averaged 6.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 525.34 million shares.
The 8.38% of NexGen Energy Ltd’s shares are in the hands of company insiders while institutional holders own 49.19% of the company’s shares. Current price change has pushed the stock 11.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NXE stock continues to rise going into the next quarter.
