NexGen Energy Ltd (NYSE:NXE) shares, rose in value, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $4.92.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.94, falling within a range of $4.805 and $4.97. The value of beta (5-year monthly) is 1.831. Referring to stock’s 52-week performance, its high was $8.96, and the low was $4.44. On the whole, NXE has fluctuated by -8.93% over the past month.
With the market capitalization of NexGen Energy Ltd currently standing at about $2.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-03.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NXE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of NXE currently trading nearly 0.77% and -15.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.88, while the 7-day volatility ratio is showing 4.87% which for the 30-day chart, stands at 5.13%. Furthermore, NexGen Energy Ltd (NXE)’s beta value is 2.00, and its average true range (ATR) is 0.25.
A comparison of NexGen Energy Ltd (NXE) with its peers suggests the former has fared considerably weaker in the market. NXE showed an intraday change of -0.45% in today’s session so far, and over the past year, it shrunk by -35.46%%.
Data on historical trading for NexGen Energy Ltd (NYSE:NXE) indicates that the trading volumes over the past 10 days have averaged 10.39 and over the past 3 months, they’ve averaged 9.64 million. According to company’s latest data on outstanding shares, there are 569.09 million shares outstanding.
Nearly 8.36% of NexGen Energy Ltd’s shares belong to company insiders and institutional investors own 52.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 61.96 million shares as on 2025-03-14, resulting in a short ratio of 5.48. The stock has fallen by -25.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NXE stock heading into the next quarter.
