NexGen Energy Ltd. (NYSE:NXE) finished Thursday with a subtraction of -$0.16 to close at $4.68, a downside of -3.31 percent. An average of 2,072,400 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,928,780 shares traded, while the 50-day average volume stands at 2,147,178.
NXE stock has decreased by -0.21% in the last month. The company shares reached their 1-month lowest point of $4.50 on 07/17/23. With the stock rallying to its 52-week high on 01/30/23, shares of the company touched a low of $3.40 and a high of $5.11 in 52 weeks. It has reached a new high 7 times so far this year and achieved 5.64% or $0.25 in price. In spite of this, the price is down -8.41% from the 52-week high.
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Valuation Metrics
NexGen Energy Ltd. (NXE) stock’s beta is 1.94. Other valuation ratios to consider include the price-to-book (PB) ratio at 5.09.
Financial Health
The quick ratio of NexGen Energy Ltd. for the three months ended June 29 was 11.20, and the current ratio was 11.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.18 for the quarter ending June 29. Its gross profit as reported stood at $1.83 million compared to revenue of $45.98 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 -6.80%.
Earnings Surprise
The analyst consensus anticipated NexGen Energy Ltd.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.03, a -200.00% surprise. For the quarter, EBITDA amounted to -$11.12 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 10 August was 44.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.40%.
As of today, NXE’s price is $4.83 -1.68% or -$0.08 from its 5-day moving average. NXE is currently trading -2.50% lower than its 20-day SMA and +26.49% higher than its 100-day SMA. However, the stock’s current price level is +25.47% above the SMA50 and +15.56% above the SMA200.
The stochastic %K and %D were 48.93% and 59.60%, respectively, and the average true range (ATR) was 0.20. With the 14-day stochastic at 25.69% and the average true range at 0.19, the RSI (14) stands at 48.61%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.
Analyst Ratings
RBC Capital Mkts upgraded NexGen Energy Ltd. (NYSE: NXE) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. 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 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 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 $5.40 and $8.72, with a median target of $7.34. Taking a look at these predictions, the average price target given by analysts for NexGen Energy Ltd. (NXE) stock is $7.37.
