NexGen Energy Ltd [NYSE: NXE] stock went on a downward path that fall over -4.41% on Wednesday, amounting to a one-week price decrease of less than -6.68%.
Over the last 12 months, NXE stock rose by 35.85%. The one-year NexGen Energy Ltd stock forecast points to a potential upside of 37.54. The average equity rating for NXE stock is currently 1.15, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.40 billion, with 525.34 million shares outstanding and 492.58 million shares in the current float. Compared to the average trading volume of 5.24M shares, NXE stock reached a trading volume of 4038846 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on NexGen Energy Ltd [NXE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NXE shares is $10.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NXE stock is a recommendation set at 1.15. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for NexGen Energy Ltd shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on April 01, 2024. The new note on the price target was released on April 11, 2022, representing the official price target for NexGen Energy Ltd stock.
The Average True Range (ATR) for NexGen Energy Ltd is set at 0.29 The Price to Book ratio for the last quarter was 4.95, with the Price to Cash per share for the same quarter was set at 0.52.
NXE Stock Performance Analysis:
NexGen Energy Ltd [NXE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.68. With this latest performance, NXE shares dropped by -6.68% in over the last four-week period, additionally sinking by -16.69% over the last 6 months – not to mention a rise of 35.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NXE stock in for the last two-week period is set at 33.95, with the RSI for the last a single of trading hit 28.04, and the three-weeks RSI is set at 37.64 for NexGen Energy Ltd [NXE]. The present Moving Average for the last 50 days of trading for this stock 7.18, while it was recorded at 6.52 for the last single week of trading, and 7.11 for the last 200 days.
Insight into NexGen Energy Ltd Fundamentals:
NexGen Energy Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.96 and a Current Ratio set at 1.96.
NexGen Energy Ltd [NXE] Institutonal Ownership Details
The top three institutional holders of NXE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NXE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NXE stock with ownership which is approximately 5.1238%.
