As of Friday close, NexGen Energy Ltd.’s (NYSE:NXE) stock was up $0.06, moving up 1.44 percent to $4.23. The average number of shares traded per day over the past five days has been 1,349,140 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 1,574,115, while in the previous 50 days, it was 2,451,040.
Since last month, NXE stock rose 9.87%. Shares of the company fell to $3.39 on 07/14/22, the lowest level in the past month. A 52-week high of $6.56 was reached on 04/13/22 after having rallying from a 52-week low of $3.39. Since the beginning of this year, NXE’s stock price has dropped by -3.20% or -$0.14, and marked a new high 14 times. However, the stock has declined by -35.52% since its 52-week high.
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In the three months ended March 30, NexGen Energy Ltd.’s quick ratio stood at 12.40, while its current ratio was 12.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.22, and the total debt-to-equity ratio was 0.23. Based on annual data, NXE earned $3.19 million in gross profit and brought in $40.83 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected NexGen Energy Ltd. to report -$0.02 quarterly earnings, the actual figure was -$0.04 per share. During the quarter, the company generated -$8.87 million in EBITDA. The liabilities of NexGen Energy Ltd. were 87.52 million at the end of its most recent quarter ended March 30, and its total debt was $93.41 million.
This quick technical analysis looks at NexGen Energy Ltd.’s (NXE) price momentum. With a historical volatility rate of 43.04%, the RSI 9-day stood at 60.29% on 05 August.
With respect to its five-day moving average, the current NexGen Energy Ltd. price is down by -2.98% percent or -$0.13. At present, NXE shares trade +9.59% above its 20-day simple moving average and -17.38% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.44% below its SMA50 and -32.10% below its SMA200.
Stochastic coefficient K was 72.43% and Stochastic coefficient D was 75.24%, while ATR was 0.22. Given the Stochastic reading of 76.54% for the 14-day period, the RSI (14) reading has been calculated as 56.53%.
RBC Capital Mkts upgraded its rating on NexGen Energy Ltd. (NYSE: NXE) to an Outperform in a note to investors on April 11, 2022. The analysts firm previously had a Sector perform rating on the stock.NexGen Energy Ltd. (NXE) has been rated Buy by analysts. According to 0 brokerage firms, NXE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate NexGen Energy Ltd. stock as buy, with 9 recommending it as overweight.
With a median target price of $7.69, the current consensus forecast for the stock is $5.07 – $9.16. Based on these forecasts, analysts predict NexGen Energy Ltd. (NXE) will achieve an average price target of $7.51.