NexGen Energy Ltd (NYSE:NXE) traded at $8.43 at close of the session on Friday, April 05, made an upward move of 0.96% on its previous day’s price.
Looking at the stock we see that its previous close was $8.35 and the beta (5Y monthly) reads 1.80 . The company has a trailing 12-month PE ratio of 81.61. In terms of its 52-week price range, NXE has a high of $8.88 and a low of $3.49. The company’s stock has gained about 10.34% over that past 30 days.
NexGen Energy Ltd has a market cap of $4.55 billion and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.03, with the EPS growth for the year raised at -$0.12 for 2024 and -$0.12 for next year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NXE stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 9.01% off its SMA20 and 11.25% from its 50-day simple moving average. The RSI (14) is pointing at 62.12 while the volatility over the past week is 5.32% and jumps to 5.17% over the past one month. The beta value is 1.90, while the average true range (ATR) is currently pointing at 0.37.
Coming back to NexGen Energy Ltd (NYSE:NXE), we note that the average 3-month trading volume was 6.73 million, while that of the preceding 10-day period stands at 5.64 million. Current shares outstanding are 525.34 million.
The insiders hold 8.73% of the company’s shares while institutions hold 48.63%. The data shows that short shares as of Mar 15, 2024, stood at 39.98 million at a short ratio of 6.16. This represents a 7.75% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 39.22 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 20.43% up in year-to-date price movement.
