In the last trading session, 3.21 million shares of the NexGen Energy Ltd (NYSE:NXE) were traded, and its beta was 1.92. Most recently the company’s share price was $7.53, and it changed around -$0.04 or -0.53% from the last close, which brings the market valuation of the company to $4.25B. NXE currently trades at a discount to its 52-week high of $8.88, offering almost -17.93% off that amount. The share price’s 52-week low was $4.95, which indicates that the current value has risen by an impressive 34.26% since then. We note from NexGen Energy Ltd’s average daily trading volume that its 10-day average is 5.99 million shares, with the 3-month average coming to 5.36 million.
NexGen Energy Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.12. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended NXE as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. NexGen Energy Ltd is expected to report earnings per share of -0.04 for the current quarter.
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NexGen Energy Ltd (NYSE:NXE) trade information
Instantly NXE has showed a red trend with a performance of -0.53% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.45 on recent trading dayincreased the stock’s daily price by 10.89%. The company’s shares are currently up 7.57% year-to-date, but still down -9.60% over the last five days. On the other hand, NexGen Energy Ltd (NYSE:NXE) is 13.06% up in the 30-day period. We can see from the shorts that 54.99 million shares have been sold at a short interest cover period of 10.04 day(s).
NexGen Energy Ltd (NXE) estimates and forecasts
NexGen Energy Ltd share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.40 percent over the past six months and at a 10.00% annual growth rate that is well below the industry average of 15.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 50.00% in revenue this quarter, and will report an increase of 50.00% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 88.13%.
NXE Dividends
NexGen Energy Ltd’s next quarterly earnings report is expected to be released in November.
NexGen Energy Ltd (NYSE:NXE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.96% of NexGen Energy Ltd shares, and 54.92% of them are in the hands of institutional investors. The stock currently has a share float of 59.67%. NexGen Energy Ltd stock is held by 318.0 institutions, with L1 CAPITAL PTY LTD being the largest institutional investor. By 2024-06-30, it held 5.4964% of the shares, which is about 30.31 million shares worth $288.89 million.
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., with 5.1845% or 28.59 million shares worth $199.35 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
