Nexa Resources S.A [NYSE: NEXA] closed the trading session at $8.80.
The stocks have a year to date performance of 23.25 percent and weekly performance of 6.67 percent. The stock has been moved at 15.49 percent over the last six months. The stock has performed 15.49 percent around the most recent 30 days and changed 16.87 percent over the most recent 3-months.
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If compared to the average trading volume of 35.44K shares, NEXA reached to a volume of 4491403 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 Nexa Resources S.A [NEXA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NEXA shares is $7.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NEXA stock is a recommendation set at 3.38. 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.
Morgan Stanley have made an estimate for Nexa Resources S.A shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on December 12, 2024. While these analysts kept the previous recommendation, Scotiabank dropped their target price from $5 to $4.50. The new note on the price target was released on November 01, 2023, representing the official price target for Nexa Resources S.A stock. Previously, the target price had yet another drop from $6 to $5.60, while Morgan Stanley kept a Underweight rating on NEXA stock. On September 16, 2022, analysts decreased their price target for NEXA shares from 7.20 to 6.60.
The Average True Range (ATR) for Nexa Resources S.A is set at 0.47, with the Price to Sales ratio for NEXA stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 3.96.
NEXA stock trade performance evaluation
Nexa Resources S.A [NEXA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.67. With this latest performance, NEXA shares gained by 15.49% in over the last four-week period, additionally plugging by 15.49% over the last 6 months – not to mention a rise of 23.25% 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 NEXA stock in for the last two-week period is set at 62.43, with the RSI for the last a single of trading hit 63.88, and the three-weeks RSI is set at 61.21 for Nexa Resources S.A [NEXA]. The present Moving Average for the last 50 days of trading for this stock 7.94, while it was recorded at 8.72 for the last single week of trading, and 7.41 for the last 200 days.
Nexa Resources S.A [NEXA]: An insightful look at the core fundamentals
Nexa Resources S.A’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.76 and a Current Ratio set at 1.13.
Earnings per share (EPS) analysis for Nexa Resources S.A [NEXA] stock
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 NEXA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nexa Resources S.A go to 44.60%.
Nexa Resources S.A [NEXA]: Institutional Ownership
There are presently around $26.15%, or 77.98%% of NEXA stock, in the hands of institutional investors. The top three institutional holders of NEXA stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 0.59 million shares, which is approximately 0.4485%. RENAISSANCE TECHNOLOGIES LLC, holding 0.34 million shares of the stock with an approximate value of $$2.61 million in NEXA stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$1.46 million in NEXA stock with ownership which is approximately 0.1438%.
