In the last trading session, 4.87 million NexGen Energy Ltd. (NYSE:NXE) shares changed hands as the company’s beta touched 1.90. With the company’s per share price at $6.31 changed hands at $0.08 or 1.28% during last session, the market valuation stood at $4.16B. NXE’s last price was a discount, traded about -0.79% off its 52-week high of $6.36. The share price had its 52-week low at $3.40, which suggests the last value was 46.12% up since then. When we look at NexGen Energy Ltd.’s average trading volume, we note the 10-day average is 5.44 million shares, with the 3-month average coming to 2.83 million.

Analysts gave the NexGen Energy Ltd. (NXE) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 0 recommended NXE as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. NexGen Energy Ltd.’s EPS for the current quarter is expected to be $NextEra Energy, Inc.

NexGen Energy Ltd. (NYSE:NXE) trade information

Instantly NXE was in green as seen at the end of in last trading. With action 11.09%, the performance over the past five days has been green. The jump to weekly highs of 6.36 on Monday, 09/18/23 added 1.28% to the stock’s daily price. The company’s shares are showing year-to-date upside of 42.44%, with the 5-day performance at 11.09% in the green. However, in the 30-day time frame, NexGen Energy Ltd. (NYSE:NXE) is 32.84% up. Looking at the short shares, we see there were 21.11 million shares sold at short interest cover period of 7.19 days.

The consensus price target for the stock as assigned by Wall Street analysts is $7.37, meaning bulls need an upside of 14.38% from its current market value. According to analyst projections, NXE’s forecast low is $5.36 with $8.50 as the target high. To hit the forecast high, the stock’s price needs a -34.71% plunge from its current level, while the stock would need to tank 15.06% for it to hit the projected low.

NexGen Energy Ltd. (NXE) estimates and forecasts

Data shows that the NexGen Energy Ltd. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 70.54% over the past 6 months, a 11.11% in annual growth rate that is considerably higher than the industry average of 8.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.50%. The 2023 estimates are for NexGen Energy Ltd. earnings to increase by 54.50%.

NXE Dividends

NexGen Energy Ltd. is expected to release its next quarterly earnings report in October.

NexGen Energy Ltd. (NYSE:NXE)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 15.97% of NexGen Energy Ltd. shares while 35.00% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.65%. There are 35.00% institutions holding the NexGen Energy Ltd. stock share, with Mirae Asset Global Investments Co., Ltd. the top institutional holder. As of Jun 29, 2023, the company held 4.30% of the shares, roughly 21.15 million NXE shares worth $99.61 million.

L1 Capital Pty Ltd holds the second largest percentage of outstanding shares, with 3.38% or 16.62 million shares worth $78.29 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF. With 21.47 million shares estimated at $112.94 million under it, the former controlled 4.37% of total outstanding shares. On the other hand, Sprott Uranium Miners ETF held about 2.07% of the shares, roughly 10.18 million shares worth around $47.95 million.