In today’s recent session, 2,294,877 shares of the NexGen Energy Ltd.(NYSE:NXE) have been traded, and its beta is 0. Most recently the company’s share price was $4.1, and it changed around $0.22 or 0.06% from the last close, which brings the market valuation of the company to $1.54 Billion. NXE at last check was trading at a discount to its 52-week high of $4.27, offering almost -4.15% off that amount. The share price’s 52-week low was $0.496, which indicates that the recent value has risen by an impressive 87.9% since then. We note from NexGen Energy Ltd.’s average daily trading volume that its 10-day average is 2.4 Million shares, with the 3-month average coming to 1.61 Million.
NexGen Energy Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, no body recommended NXE as a Hold, whereas 4 deemed it a Buy, and no one rated it as Underweight.
NexGen Energy Ltd. (NYSE:NXE): Trading Information Today
Instantly NXE has been showing a green trend so far today with a performance of 5.67% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $4.27- on Tuesday, Feb 16 increased the stock’s daily price by 4.45%. The company’s shares are currently up 0.48% year-to-date, but still up 0.02 over the last five days. On the other hand, NexGen Energy Ltd. (NYSE:NXE) is 0.46% up in the 30-day period. We can see from the shorts that 13.36 Million shares have been sold at a short interest cover period of 8.3 day(s).
The consensus price target as assigned by Wall Street analysts is $5.21, which translates to bears needing to increase their stock price by 27.07% from its current value. Analyst projections state that NXE is forecast to be at a low of $4 and a high of $6. In order for the stock price to hit the forecast high, the stock would need to surge +46.34% from its current level, while the stock would need to crash -2.44% from its current level to reach the projected low.
NexGen Energy Ltd. (NXE) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. NexGen Energy Ltd. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
NexGen Energy Ltd. (NYSE:NXE)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 14.93% of NexGen Energy Ltd. shares, and 23.03% of them are in the hands of institutional investors. The stock currently has a share float of 27.08%. NexGen Energy Ltd. stock is held by 101 institutions, with Falcon Edge Capital, LP being the largest institutional investor. By Sep 29, 2020, it held 2.06% of the shares, which is about 7.77 Million shares worth $13.44 Million.
Old West Investment Management, LLC, with 1.51% or 5.71 Million shares worth $9.88 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.
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