As of Friday close, NexGen Energy Ltd.’s (NYSE:NXE) stock was up $0.17, moving up 2.86 percent to $6.12. The average number of shares traded per day over the past five days has been 4,835,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.11 fall in that time frame. In the last twenty days, the average volume was 4,579,195, while in the previous 50 days, it was 3,318,178.
Since last month, NXE stock rose 17.92%. Shares of the company fell to $4.99 on 08/25/23, the lowest level in the past month. A 52-week high of $6.37 was reached on 09/19/23 after having rallying from a 52-week low of $3.40. Since the beginning of this year, NXE’s stock price has risen by 38.15% or $1.69, and marked a new high 21 times. However, the stock has declined by -3.92% since its 52-week high.
Financial Health
In the three months ended June 29, NexGen Energy Ltd.’s quick ratio stood at 6.80, while its current ratio was 6.80, 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 June 29 was 0.18, and the total debt-to-equity ratio was 0.18. Based on annual data, NXE earned $1.83 million in gross profit and brought in $45.98 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected NexGen Energy Ltd. to report -$0.01 quarterly earnings, the actual figure was -$0.03 per share. During the quarter, the company generated -$11.12 million in EBITDA. The liabilities of NexGen Energy Ltd. were 74.07 million at the end of its most recent quarter ended June 29, and its total debt was $81.07 million.
Technical Picture
This quick technical analysis looks at NexGen Energy Ltd.’s (NXE) price momentum. With a historical volatility rate of 37.34%, the RSI 9-day stood at 66.05% on 22 September.
With respect to its five-day moving average, the current NexGen Energy Ltd. price is down by -1.77% percent or -$0.11. At present, NXE shares trade +21.19% above its 20-day simple moving average and +60.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.50% above its SMA50 and +46.41% above its SMA200.
Stochastic coefficient K was 71.92% and Stochastic coefficient D was 76.09%, while ATR was 0.24. Given the Stochastic reading of 76.42% for the 14-day period, the RSI (14) reading has been calculated as 67.20%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at 0.16.
Analyst Ratings
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 10 recommending it as overweight.
With a median target price of $7.39, the current consensus forecast for the stock is $5.36 – $8.50. Based on these forecasts, analysts predict NexGen Energy Ltd. (NXE) will achieve an average price target of $7.37.
