In the latest trading session, 1.55 million NexGen Energy Ltd (NYSE:NXE) shares changed hands as the company’s beta touched 1.93. With the company’s most recent per share price at $8.26 changing hands around $0.04 or 0.43% at last look, the market valuation stands at $4.66B. NXE’s current price is a discount, trading about -8.47% off its 52-week high of $8.96. The share price had its 52-week low at $4.95, which suggests the last value was 40.07% up since then. When we look at NexGen Energy Ltd’s average trading volume, we note the 10-day average is 7.8 million shares, with the 3-month average coming to 5.97 million.
Analysts gave the NexGen Energy Ltd (NXE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.06. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended NXE as a Hold, 2 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 0.
NexGen Energy Ltd (NYSE:NXE) trade information
Instantly NXE is in green as seen in intraday trades today. With action -1.61%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 17.93%, with the 5-day performance at -1.61% in the red. However, in the 30-day time frame, NexGen Energy Ltd (NYSE:NXE) is 14.18% up. Looking at the short shares, we see there were 56.41 million shares sold at short interest cover period of 11.06 days.
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 12.77% over the past 6 months, a 50.00% in annual growth rate that is considerably higher than the industry average of 10.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 88.13%. The 2024 estimates are for NexGen Energy Ltd earnings to decrease by -144.89%.
NXE Dividends
NexGen Energy Ltd is expected to release its next quarterly earnings report in January.
NexGen Energy Ltd (NYSE:NXE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.96% of NexGen Energy Ltd shares while 53.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.65%. There are 53.06% institutions holding the NexGen Energy Ltd stock share, with L1 CAPITAL PTY LTD the top institutional holder. As of 2024-06-30, the company held 5.4964% of the shares, roughly 30.31 million NXE shares worth $288.89 million.
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds the second largest percentage of outstanding shares, with 5.1845% or 28.59 million shares worth $199.35 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF. With 32.75 shares estimated at $267.61 million under it, the former controlled 5.80% of total outstanding shares. On the other hand, Sprott Uranium Miners ETF held about 1.80% of the shares, roughly 10.18 shares worth around $83.15 million.
