NexGen Energy Ltd (NYSE:NXE) has a beta value of 1.92 and has seen 1.66 million shares traded in the recent trading session. The company, currently valued at $4.27B, closed the recent trade at $7.55 per share which meant it gained $0.28 on the day or 3.90% during that session. The NXE stock price is -17.62% off its 52-week high price of $8.88 and 34.44% above the 52-week low of $4.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.58 million shares traded. The 3-month trading volume is 5.02 million shares.
The consensus among analysts is that NexGen Energy Ltd (NXE) is Buy stock at the moment, with a recommendation rating of 1.12. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.
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NexGen Energy Ltd (NYSE:NXE) trade information
Sporting 3.90% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NXE stock price touched $7.55 or saw a rise of 0.26%. Year-to-date, NexGen Energy Ltd shares have moved 7.91%, while the 5-day performance has seen it change 9.15%. Over the past 30 days, the shares of NexGen Energy Ltd (NYSE:NXE) have changed 32.98%. Short interest in the company has seen 50.69 million shares shorted with days to cover at 9.71.
NexGen Energy Ltd (NXE) estimates and forecasts
Figures show that NexGen Energy Ltd shares have underperformed across the wider relevant industry. The company’s shares have lost -1.52% over the past 6 months, with this year growth rate of 10.00%, compared to 16.20% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 88.13% over the past 5 years.
NXE Dividends
NexGen Energy Ltd is expected to release its next earnings report on 2024-Nov-01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NexGen Energy Ltd (NYSE:NXE)’s Major holders
Insiders own 7.96% of the company shares, while shares held by institutions stand at 54.79% with a share float percentage of 59.53%. Investors are also buoyed by the number of investors in a company, with NexGen Energy Ltd having a total of 322.0 institutions that hold shares in the company. The top two institutional holders are L1 CAPITAL PTY LTD with over 30.31 million shares worth more than $288.89 million. As of 2024-06-30, L1 CAPITAL PTY LTD held 5.4964% of shares outstanding.
The other major institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., with the holding of over 28.59 million shares as of 2024-06-30. The firm’s total holdings are worth over $199.35 million and represent 5.1845% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF. As of Sep 30, 2024, the former fund manager holds about 5.80% shares in the company for having 32.75 shares of worth $247.46 million while later fund manager owns 10.18 shares of worth $76.89 million as of Jun 30, 2024, which makes it owner of about 1.80% of company’s outstanding stock.
