NexGen Energy Ltd (NYSE:NXE) traded at $7.17 at last check on current trade day and made a downward move of -2.84% on its previous day’s price.
Looking at the stock we see that its previous close was $7.38 and the beta (5Y monthly) reads 1.758 with the day’s price range being $7.09 – $7.2788. The company has a trailing 12-month PE ratio of 41.23. In terms of its 52-week price range, NXE has a high of $8.96 and a low of $4.95. The company’s stock has lost about -2.84% over that past 30 days.
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NexGen Energy Ltd has a market cap of $4.05 billion and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the NXE stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the NexGen Energy Ltd (NXE) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -12.17% off its SMA20 and -7.33% from its 50-day simple moving average. The RSI (14) is pointing at 36.02 while the volatility over the past week is 3.43% and jumps to 4.60% over the past one month. The beta value is 1.93, while the average true range (ATR) is currently pointing at 0.35.
Coming back to NexGen Energy Ltd (NYSE:NXE), we note that the average 3-month trading volume was 6.26 million, while that of the preceding 10-day period stands at 5.89 million. Current shares outstanding are 565.00 million.
The insiders hold 8.42% of the company’s shares while institutions hold 51.66%. The data shows that short shares as of 2024-11-29, stood at 52.74 million at a short ratio of 7.51. Shares short fall in November from the previous month at 56.88 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 2.43% up in year-to-date price movement.
