NexGen Energy Ltd (NYSE:NXE) price on current trading day, fall -1.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.74.
A look at the stock’s price movement, the level at last check in today’s session was $6.86, moving within a range at $6.71 and $6.8606. The beta value (5-Year monthly) was 1.758 while the PE ratio in trailing twelve months stood at 38.76. Turning to its 52-week performance, $8.96 and $4.95 were the 52-week high and 52-week low respectively. Overall, NXE moved -18.89% over the past month.
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NexGen Energy Ltd’s market cap currently stands at around $3.81 billion, with investors looking forward to this quarter’s earnings report slated for in January.
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% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend NXE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NXE’s current price about -11.54% and -12.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.04, while 7-day volatility ratio is 2.78% and 3.80% in the 30-day chart. Further, NexGen Energy Ltd (NXE) has a beta value of 1.94, and an average true range (ATR) of 0.29.
If we refocus on NexGen Energy Ltd (NYSE:NXE), historical trading data shows that trading volumes averaged 5.92 over the past 10 days and 6.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 565.00 million shares.
The 8.55% of NexGen Energy Ltd’s shares are in the hands of company insiders while institutional holders own 51.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 52.74 million on 2024-11-29, giving us a short ratio of 7.51. Current price change has pushed the stock -3.71% 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.
