NexGen Energy Ltd (NYSE:NXE) price is hovering lower on current market day and dropping -2.71% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $8.33, with intraday deals fluctuating between $8.06 and $8.45. The company’s 5Y monthly beta was ticking 1.762 while its P/E ratio in the trailing 12-month period read 97.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.88 and 52-week low of $4.95. The stock added 29.46% on its value in the past month.
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NexGen Energy Ltd, which has a market valuation of $4.58 billion, is expected to release its quarterly earnings report on 2024-Nov-01.
Staying with the analyst view, there is a consensus estimate of 3.26M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give NXE a short term outlook of 75% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% 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, 2 analysts have assigned NXE a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 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 Buy, 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 14.08% off the SMA20 and 27.43% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 75.57, with weekly volatility standing at 4.59%. The indicator jumps to 3.86% when calculated based on the past 30 days. NexGen Energy Ltd (NYSE:NXE)’s beta value is holding at 1.93, while the average true range (ATR) indicator is currently reading 0.30.
An analysis of the NexGen Energy Ltd (NYSE:NXE) stock in terms of its daily trading volume indicates that the 3-month average is 5.23 million. However, this figure increases on the past 10-day timeline to an average of 5.8 million.
Current records show that the company has 525.34M in outstanding shares. The insiders’ percentage holdings are 8.35% of outstanding shares while the percentage share held by institutions stands at 52.11%. The stats also highlight that short interest as of 2024-09-30, stood at 50.69 million shares, which puts the short ratio at the time at 9.71. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 51.55 million. But the 15.77% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
