Is Buying Stock In NexGen Energy Ltd. (NXE) A Good Move Today?

NexGen Energy Ltd. (AMEX:NXE) saw an upside of 5.47% to $5.21 after adding $0.27 on Tuesday. The 5-day average trading volume is 1,388,236 shares of the company’s common stock. It has gained $5.22 in the past week. An average of 2,730,114 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,259,387.

NXE’s 1-month performance is -15.41% or -$0.67 on its low of $4.47 reached on 09/24/21. The company’s shares have touched a 52-week low of $1.61 and high of $6.17, with the stock’s rally to the 52-week high happening on 09/13/21. YTD, NXE has achieved 78.99% or $2.41. However, the current price is down -15.56%% from the 52-week high price.

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Valuation Metrics

NexGen Energy Ltd. (NXE) has a trailing price-to-earnings (P/E) ratio of 22.80 for the broader industry and 19.65 for the sector.NXE stock has a beta of 1.59. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 5.31.

NexGen Energy Ltd.’s quick ratio for the period ended June 29 was 41.30, with the current ratio over the same period at 41.30 meaning that NXE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.15, while the total debt to equity was 0.15. The firm’s gross profit as reported stood at $10.17 million against revenue of $17.63 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NXE to announce -$0.02 per share in earnings in its latest quarter, but it posted -$0.03, representing a -50.00% surprise. EBITDA for the quarter stood at more than -$11.83 million. NXE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 58.19 million, with total debt at $65.41 million

Technical Picture

Let’s look briefly at NexGen Energy Ltd. (NXE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 57.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 57.28%.

The stock’s 5-day moving average is $4.94, reflecting a +3.37% or $0.17 change from its current price. NXE is currently trading -8.52% above its 20-day SMA, +13.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +24.55% and +89.33% respectively.

Stochastic %K and %D was 66.17% and 57.37% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 55.60%, while the 14-day stochastic is at 91.93% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at 0.06 and 0.14 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for NexGen Energy Ltd. (AMEX: NXE), RBC Capital Mkts downgraded it to a Sector perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for NXE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NXE as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 have offered a “buy” rating.

What is NXE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $4.79 and a high of $8.40, with their median price target at $7.88. Looking at these predictions, the average price target given by analysts is for NexGen Energy Ltd. (NXE) stock is $7.06.


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