NexGen Energy Ltd [NYSE: NXE] loss -4.56% on the last trading session, reaching $7.95 price per share at the time.
If compared to the average trading volume of 5.23M shares, NXE reached a trading volume of 9769766 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $9.29 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 0.31 The Price to Book ratio for the last quarter was 5.15, with the Price to Cash per share for the same quarter was set at 0.74.
Trading performance analysis for NXE stock
NexGen Energy Ltd [NXE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.90. With this latest performance, NXE shares gained by 27.00% in over the last four-week period, additionally plugging by 3.25% over the last 6 months – not to mention a rise of 39.47% 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 70.86, with the RSI for the last a single of trading hit 70.92, and the three-weeks RSI is set at 68.22 for NexGen Energy Ltd [NXE]. The present Moving Average for the last 50 days of trading for this stock 6.36, while it was recorded at 7.94 for the last single week of trading, and 7.11 for the last 200 days.
NexGen Energy Ltd [NXE]: A deeper dive into fundamental analysis
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.
NexGen Energy Ltd [NXE]: An earnings per share (EPS) analysis
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.
An analysis of Institutional ownership at NexGen Energy Ltd [NXE]
There are presently around $54.85%, or 59.59%% 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 5.4964%. 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%.
