NexGen Energy Ltd (NXE) concluded trading on 12/27/23 at a closing price of $6.93, with 3.0 million shares of worth about $20.81 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 51.64% during that period and on Wednesday the price saw a loss of about -0.86%. Currently the company’s common shares owned by public are about 482.53M shares, out of which, 459.23M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the NXE stock and their offered price forecasts bring an average price target of $11.08. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $10.00. The stock’s current price level is 14.34% above of average price target set by the analysts, while a rise to estimated low would result in gain of 30.7% for the stock. However, touching the estimated high of $13.00 would mean a gain of 46.69% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 42 times over the past 12 months. They bought 4,944,794 shares in 30 of the transactions. In 12 selling transactions, insiders dumped 24,170,316 shares.
Global X Uranium ETF, Sprott Uranium Miners ETF, and Fidelity Canadian Growth Company are the top 3 mutual funds which are holding stakes in NexGen Energy Ltd Global X Uranium ETF is currently holding 24.66 million shares of worth totaling $161.31 million. The company recently came buying 0.0 shares which brought its stake up to 4.72% of the company’s outstanding shares. Fidelity Canadian Growth Company, after buying 6.12 million shares, have now control over 1.17% of the stake in the company. It holds 6.12 million shares of worth $40.05 million.
However, the stock later moved at a day high price of 7.06, or with a loss of -0.86%. Stock saw a price change of 4.21% in past 5 days and over the past one month there was a price change of 2.51%. Year-to-date (YTD), NXE shares are showing a performance of 56.43% which increased to 60.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.49 but also hit the highest price of $7.18 during that period. The average intraday trading volume for NexGen Energy Ltd shares is 5.39 million. The stock is currently trading 3.14% above its 20-day simple moving average (SMA20), while that difference is up 9.97% for SMA50 and it goes to 37.89% higher than SMA200.
NexGen Energy Ltd (NYSE: NXE) currently have 482.53M outstanding shares and institutions hold larger chunk of about 41.92% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $3.62B and its 3Y-monthly beta is at 1.85. It has posted earnings per share of -$0.15 in the same period. It has Quick Ratio of 13.66 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NXE, volatility over the week remained 3.46% while standing at 4.06% over the month.
Analysts are in expectations that NexGen Energy Ltd (NXE) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.11 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is -$0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -81.89% while it is estimated to increase by 37.36% in next year.
Analysts at 12 brokerage firms have issued recommendations for the NexGen Energy Ltd (NXE)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.17. Out of those 12 Wall Street analysts, 10 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
