NexGen Energy Ltd (NYSE: NXE) – Suitable For Long Term Buy?

Currently, there are 482.53M common shares owned by the public and among those 474.51M shares have been available to trade.

Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 4,944,794 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 24,170,316 shares.

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The top 3 mutual fund holders in NexGen Energy Ltd are Global X Uranium ETF, Sprott Uranium Miners ETF, and Fidelity Canadian Growth Company. Global X Uranium ETF owns 23.75 million shares of the company’s stock, all valued at over $166.25 million. Sprott Uranium Miners ETF bought 25792.0 shares to see its total holdings expand to 11.29 million shares valued at over $79.0 million and representing 2.16% of the shares outstanding. Fidelity Canadian Growth Company bought 0.24 million shares to bring its total holdings to over 6.36 million shares at a value of $44.54 million. Fidelity Canadian Growth Company now owns shares totaling to 1.22% of the shares outstanding.

However, the script later moved the day high at 7.62, up 2.86%. The company’s stock has a 5-day price change of -3.21% and 34.58% over the past three months. NXE shares are trading 7.86% year to date (YTD), with the 12-month market performance up to 62.37% higher. It has a 12-month low price of $3.49 and touched a high of $8.08 over the same period. NXE has an average intraday trading volume of 5.78 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.17%, 11.82%, and 42.03% respectively.

Institutional ownership of NexGen Energy Ltd (NYSE: NXE) shares accounts for 42.00% of the company’s 482.53M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.

It has a market capitalization of $3.94B and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.18% over the week and 4.15% over the month.

Analysts forecast that NexGen Energy Ltd (NXE) will achieve an EPS of -$0.03 for the current quarter, -$0.03 for the next quarter and -$0.11 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.04 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to decrease by -82.04%, and 37.36% over the next financial year.

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