NexGen Energy Ltd. (NXE): Find Out What Insiders Are Doing

NexGen Energy Ltd. (AMEX:NXE) finished Wednesday with an addition of $0.45 to close at $6.11, an upside of 7.95 percent. An average of 3,244,860 shares of common stock have been traded in the last five days. There was a gain of $1.35 in the past week. The last 20 days have seen an average of 3,031,790 shares traded, while the 50-day average volume stands at 2,471,234.

NXE stock has increased by 8.14% in the last month. The company shares reached their 1-month lowest point of $4.47 on 09/24/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $1.61 and a high of $6.17 in 52 weeks. In spite of this, the price is down -0.97% from the 52-week high.

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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 19.70 for the sector. The stock’s beta is 1.59. Other valuation ratios to consider include the price-to-book (PB) ratio at 6.57.

The quick ratio of NexGen Energy Ltd. for the three months ended June 29 was 41.30, and the current ratio was 41.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.15 and a total debt to equity ratio of 0.15 for the quarter ending June 29. Its gross profit as reported stood at $10.17 million compared to revenue of $17.63 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, NexGen Energy Ltd.’s return on assets was -37.80%, compared to -14.0% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -60.60% and the 5-year average holds at -31.1%. For the broader industry, ROE averaged 6.70 over the past year.

Earnings Surprise

The analyst consensus anticipated NexGen Energy Ltd.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be -$0.03, a -50.00% surprise. For the quarter, EBITDA amounted to -$11.83 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at NexGen Energy Ltd. (NXE) price momentum. RSI 9-day as of the close on 13 October was 73.19%, suggesting the stock is Overbought, with historical volatility in this time frame at 84.14%.

As of today, NXE’s price is $5.31 +28.36% or $1.35 from its 5-day moving average. NXE is currently trading +3.56% higher than its 20-day SMA and +33.41% higher than its 100-day SMA. However, the stock’s current price level is +46.17% above the SMA50 and +115.90% above the SMA200.

The stochastic %K and %D were 85.64% and 71.29%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 95.91% and the average true range at 0.38, the RSI (14) stands at 67.53%. The stock has reached 0.45 on the 9-day MACD Oscillator while the 14-day reading was at 0.61.

Analyst Ratings

RBC Capital Mkts downgraded NexGen Energy Ltd. (AMEX: NXE) to a a Sector perform rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for NexGen Energy Ltd. (NXE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NXE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

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

Analysts predict a range of price targets between $4.79 and $8.40, with a median target of $7.88. Taking a look at these predictions, the average price target given by analysts for NexGen Energy Ltd. (NXE) stock is $7.06.


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