NexGen Energy Ltd (NYSE:NXE) saw a downside of -4.39% to close Tuesday at $6.10 after subtracting -$0.28 on the day. The 5-day average trading volume is 5,716,660 shares of the company’s common stock. It has gained $6.45 in the past week and touched a new high 3 times within the past 5 days. An average of 5,086,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,551,088.
NXE’s 1-month performance is 17.53% or $0.91 on its low of $5.10 reached on 08/29/23. The company’s shares have touched a 52-week low of $3.40 and high of $6.45, with the stock’s rally to the 52-week high happening on 09/25/23. YTD, NXE has achieved 37.70% or $1.67 and has reached a new high 22 times. However, the current price is down -5.43% from the 52-week high price.
Valuation Metrics
NXE stock has a beta of 1.86. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 8.96.
NexGen Energy Ltd’s quick ratio for the period ended June 30 was 6.78, with the current ratio over the same period at 6.78. As well, the company’s long term debt to equity for the quarter ending June 30 was 0.18, while the total debt to equity was 0.18. The firm’s gross profit as reported stood at $1.83 million against revenue of $45.98 million.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected NXE to announce -$0.01 per share in earnings in its latest quarter, but it posted -$0.03, representing a -200.00% surprise. EBITDA for the quarter stood at more than -$11.12 million. NXE stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 74.07 million, with total debt at $81.07 million.
Let’s look briefly at NexGen Energy Ltd (NXE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 58.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 43.51%.
The stock’s 5-day moving average is $6.13, reflecting a -0.16% or -$0.01 change from its current price. NXE is currently trading +16.86% above its 20-day SMA, +61.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.47% and SMA200 by+51.74%.
Stochastic %K and %D was 79.29% and 76.25% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 61.40%, while the 14-day stochastic is at 67.89% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.20 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NexGen Energy Ltd (NYSE: NXE), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for NXE stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NXE as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.
What is NXE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.36 and a high of $8.54, with their median price target at $7.39. Looking at these predictions, the average price target given by analysts is for NexGen Energy Ltd (NXE) stock is $7.43.
