The stock of NexGen Energy Ltd. (NYSE:NXE) increased by $0.02 on Monday to $5.21, up 0.38 percent. The last five days have seen an average of 3,285,225 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.78. The average number of shares traded over the last 20 days was 2,821,791, while the average volume over the last 50 days totaled 2,288,948.
NXE stock appreciated 10.61% since last month. On 08/02/23, the company’s shares reached a one-month low of $4.54. The stock touched a high of $5.27 on 08/28/23, after rallying from a low of $3.40 in 52 weeks. The price of NXE stock has risen by 17.60% or $0.78 this year, reaching a new high 12 times. Still, the stock price is down -1.14% from the 52-week high.
Financial Health
For the three months ended June 30, NexGen Energy Ltd.’s quick ratio was 6.80, while its current ratio was 6.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.18, and the total debt to equity ratio is 0.18. Based on annual data, it had gross profit of $1.83 million and revenue of $45.98 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NXE’s return on assets (ROA) during the last 12 months has been -12.50%. In the meantime, the return on equity (ROE) for the last 12 months was -16.30%.
Earnings Surprise
According to NexGen Energy Ltd.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that NexGen Energy Ltd.’s quarterly earnings would be -$0.03, but it ended up being -$0.01. EBITDA was -$11.12 million for the quarter. At the end of NexGen Energy Ltd.’s most recent quarter ended June 30, its liabilities totaled 74.07 million, while its total debt was $81.07 million.
Technical Picture
Here’s a quick look at NexGen Energy Ltd.’s (NXE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 64.59%, suggesting the stock is Neutral, with a 34.99% historical volatility rate.
The stochastic %K and %D were 81.54% and 81.59% respectively, while the average true range (ATR) was 0.20. Based on the 14-day stochastic reading of 90.77%, the RSI (14) reading is 62.15%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.18.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on NexGen Energy Ltd. (NYSE: NXE) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned NexGen Energy Ltd. (NXE) an Buy rating. NXE is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is NXE’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.35 and $8.49, with a median target price of $7.37. In analyzing these forecasts, the average price target given by analysts for NexGen Energy Ltd. (NXE) is $7.24.
