The trading price of NexGen Energy Ltd (NYSE:NXE) floating lower at last check on current market day and closing at $4.68, -1.87% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 26.92. In examining the 52-week price action we see that the stock hit a 52-week high of $8.96 and a 52-week low of $4.77. Over the past month, the stock has lost -28.64% in value.
NexGen Energy Ltd, whose market valuation is $2.64 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest NXE has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
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 -20.54% off the SMA20 and -27.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 24.07, and weekly volatility stands at 6.67%. When measured over the past 30 days, the indicator reaches 5.08%. NexGen Energy Ltd (NYSE:NXE)’s beta value is currently sitting at 2.02, while the Average True Range indicator is currently displaying 0.32.
To see how NexGen Energy Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: NXE stock’s performance was -1.87% at last check in today’s session, and -33.60% in the past year. NexGen Energy Ltd has a P/E ratio of 26.92, compared to NexGen Energy Ltd.’s 27.26 and Paladin Energy Ltd.’s 0.
An evaluation of the daily trading volume of NexGen Energy Ltd (NYSE:NXE) indicates that the 3-month average is 8.23 million.
Currently, records show that 565.00 million of the company’s shares remain outstanding. The insiders hold 8.36% of outstanding shares, whereas institutions hold 54.93%. However, since the stock’s price has seen -29.08% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
