In recent trading session, NexGen Energy Ltd (NYSE:NXE) saw 2.39 million shares changing hands at last check today with its beta currently measuring 1.85. Company’s recent per share price level of $6.26 trading at $0.09 or 1.54% at last check today assigns it a market valuation of $3.27B. That most recent trading price of NXE’s stock is at a discount of -3.04% from its 52-week high price of $6.45 and is indicating a premium of 44.25% from its 52-week low price of $3.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.37 million shares which gives us an average trading volume of 4.99 million if we extend that period to 3-months.
For NexGen Energy Ltd (NXE), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.03 in the current quarter.
NexGen Energy Ltd (NYSE:NXE) trade information
Upright in the green today for gaining 1.54%, in the last five days NXE remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $6.26 price level, adding 1.57% to its value on the day. NexGen Energy Ltd’s shares saw a change of 41.42% in year-to-date performance and have moved 4.59% in past 5-day. NexGen Energy Ltd (NYSE:NXE) showed a performance of 9.91% in past 30-days. Number of shares sold short was 30.32 million shares which calculate 5.27 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $7.93 to the stock, which implies a rise of 21.06% to its recent value today. Analysts have been projecting $7.23 as a low price target for the stock while placing it at a high target of $9.45. It follows that stock’s current price would drop -50.96% in reaching the projected high whereas dropping to the targeted low would mean a loss of -15.5% for stock’s current value.
NexGen Energy Ltd (NXE) estimates and forecasts
Statistics highlight that NexGen Energy Ltd is scoring comparatively lower than the scores of other players of the relevant industry. The company added 59.82% of value to its shares in past 6 months, showing an annual growth rate of -44.44% while that of industry is 7.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 25.00% in the current quarter and calculating -100.00% decrease in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 7.11% during past 5 years.
NexGen Energy Ltd is more likely to be releasing its next quarterly report on November 02 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
NexGen Energy Ltd (NYSE:NXE)’s Major holders
Insiders are in possession of 15.97% of company’s total shares while institution are holding 35.00 percent of that, with stock having share float percentage of 41.65%. Investors also watch the number of corporate investors in a company very closely, which is 35.00% institutions for NexGen Energy Ltd that are currently holding shares of the company. Mirae Asset Global Investments Co., Ltd. is the top institutional holder at NXE for having 21.15 million shares of worth $99.61 million. And as of Jun 29, 2023, it was holding 4.05% of the company’s outstanding shares.
The second largest institutional holder is L1 Capital Pty Ltd, which was holding about 16.62 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 3.18% of outstanding shares, having a total worth of $78.29 million.
On the other hand, Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 22.3 million shares of worth $133.15 million or 4.27% of the total outstanding shares. The later fund manager was in possession of 10.18 million shares on Jun 29, 2023, making its stake of worth around $47.95 million in the company or a holder of 1.95% of company’s stock.