NexGen Energy Ltd (NYSE: NXE) Surprises The Bears, Looks Good Going Forward

In today’s recent session, 0.47 million shares of the NexGen Energy Ltd (NYSE:NXE) have been traded, and its beta is 1.95. Most recently the company’s share price was $6.45, and it changed around -$0.06 or -1.00% from the last close, which brings the market valuation of the company to $3.64B. NXE at last check was trading at a discount to its 52-week high of $8.96, offering almost -38.91% off that amount. The share price’s 52-week low was $4.95, which indicates that the recent value has risen by an impressive 23.26% since then. We note from NexGen Energy Ltd’s average daily trading volume that its 10-day average is 8.51 million shares, with the 3-month average coming to 7.54 million.

NexGen Energy Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.06. 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 for the current quarter.

NexGen Energy Ltd (NYSE:NXE) trade information

Instantly NXE has been showing red trend so far today with a performance of -1.00% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.76 on recent trading dayincreased the stock’s daily price by 4.59%. The company’s shares are currently down -2.35% year-to-date, but still down -3.52% over the last five days. On the other hand, NexGen Energy Ltd (NYSE:NXE) is -4.94% down in the 30-day period. We can see from the shorts that 51.69 million shares have been sold at a short interest cover period of 7.99 day(s).

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

Upon looking at major shareholders, it appears that insiders hold 8.10% of NexGen Energy Ltd shares, and 52.80% of them are in the hands of institutional investors. The stock currently has a share float of 57.46%. NexGen Energy Ltd stock is held by 334.0 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.

Global X Fds-Global X Uranium ETF and Sprott Uranium Miners ETF were the top two Mutual Funds as of Nov 30, 2024 . The former held 33.75 shares worth $216.81 million, making up 5.93% of all outstanding shares. On the other hand, Sprott Uranium Miners ETF held roughly 11.56 shares worth around $74.28 million, which represents about 2.03% of the total shares outstanding.