The trading price of NexGen Energy Ltd (NYSE:NXE) closed lower on Tuesday, October 29, and closing at $7.50, -1.45% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $7.42 and $7.63. The company’s P/E ratio in the trailing 12-month period was 90.69, while its 5Y monthly beta was 1.762. In examining the 52-week price action we see that the stock hit a 52-week high of $8.88 and a 52-week low of $4.95. Over the past month, the stock has gained 14.85% in value.
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NexGen Energy Ltd, whose market valuation is $4.24 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.04 per share this quarter, however they have predicted annual earnings per share of -0.11 for current year and -0.11 for next year.
From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.24M.
On the technical side, indicators suggest NXE has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 25% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NXE a recommendation rating is 2. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged NexGen Energy Ltd (NXE) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that NXE’s price is currently 1.47% off the SMA20 and 14.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.34, and weekly volatility stands at 3.54%. When measured over the past 30 days, the indicator reaches 3.97%. NexGen Energy Ltd (NYSE:NXE)’s beta value is currently sitting at 1.92, while the Average True Range indicator is currently displaying 0.30.
To see how NexGen Energy Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: NXE stock’s performance was -1.45% in the latest trading, and 30.43% in the past year. NexGen Energy Ltd has a P/E ratio of 90.69.
An evaluation of the daily trading volume of NexGen Energy Ltd (NYSE:NXE) indicates that the 3-month average is 5.31 million. However, this figure has increased over the past 10 days to an average of 5.93.
Currently, records show that 525.34 million of the company’s shares remain outstanding. The insiders hold 8.34% of outstanding shares, whereas institutions hold 52.12%. The stats also highlight that short interest as of 2024-10-15, stood at 54.99 million shares, resulting in a short ratio of 10.04 at that time. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 50.69 million. However, since the stock’s price has seen 7.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
