NexGen Energy Ltd [NYSE: NXE] surged by $0.09 during the normal trading session on while it closed the day at $5.41.
NexGen Energy Ltd stock has also loss -1.10% of its value over the past 7 days. However, NXE stock has declined by -23.15% in the 3 months of the year. Over the past six months meanwhile, it has lost -26.59% and lost -22.71% year-on date.
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The market cap for NXE stock reached $3.06 billion, with 525.34 million shares outstanding and 515.43 million shares in the current float. Compared to the average trading volume of 4.40M shares, NXE reached a trading volume of 3863244 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 $9.45 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 1.12. 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 0.27 The Price to Book ratio for the last quarter was 3.50, with the Price to Cash per share for the same quarter was set at 0.74.
NXE stock trade performance evaluation
NexGen Energy Ltd [NXE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.10. With this latest performance, NXE shares dropped by -3.05% in over the last four-week period, additionally sinking by -26.59% over the last 6 months – not to mention a drop of -1.10% 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 38.47, with the RSI for the last a single of trading hit 36.54, and the three-weeks RSI is set at 39.60 for NexGen Energy Ltd [NXE]. The present Moving Average for the last 50 days of trading for this stock 6.22, while it was recorded at 5.41 for the last single week of trading, and 7.11 for the last 200 days.
NexGen Energy Ltd [NXE]: An insightful look at the core fundamentals
NexGen Energy Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.
Earnings per share (EPS) analysis for NexGen Energy Ltd [NXE] stock
With the latest financial reports released by the company, NexGen Energy Ltd posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NXE.
NexGen Energy Ltd [NXE]: Institutional Ownership
There are presently around $55.01%, or 59.76%% of NXE stock, in the hands of institutional investors. The top three institutional holders of NXE stocks are: L1 CAPITAL PTY LTD with ownership of 30.31 million shares, which is approximately 5.6488%. MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., holding 28.59 million shares of the stock with an approximate value of $$199.35 million in NXE stocks shares; and MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., currently with $$133.11 million in NXE stock with ownership which is approximately 3.5536%.
