The stock of NexGen Energy Ltd (NYSE:NXE) last traded at $5.97, down -4.33% from the previous session.
Data from the available sources indicates that NexGen Energy Ltd (NYSE:NXE) is covered by 12 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $8.54 and a low of $6.69, we find $7.50. Given the previous closing price of $6.24, this indicates a potential upside of 20.19 percent. NXE stock price is now 12.92% away from the 50-day moving average and 33.07% away from the 200-day moving average. The market capitalization of the company currently stands at $2.93B.
In total, 0 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $7.72 as their price target over the next twelve months.
Insiders disposed of 25,770,316 shares of company stock worth roughly $153.85 million over the past 1 year. A total of 13.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NXE stock. A new stake in NexGen Energy Ltd shares was purchased by CLEAR SKY ADVISERS, LLC during the first quarter worth $8,806,000. PRAETORIAN PR LLC invested $6,597,000 in shares of NXE during the first quarter. In the first quarter, BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in NexGen Energy Ltd valued at approximately $1,968,000. MANATUCK HILL PARTNERS, LLC acquired a new stake in NXE for approximately $1,194,000. KERRISDALE ADVISERS, LLC purchased a new stake in NXE valued at around $1,058,000 in the second quarter. In total, there are 204 active investors with 33.71% ownership of the company’s stock.
With an opening price of $6.33 on Friday morning, NexGen Energy Ltd (NYSE: NXE) set off the trading day. During the past 12 months, NexGen Energy Ltd has had a low of $3.40 and a high of $6.45. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 6.78, and a quick ratio of 6.78. The fifty day moving average price for NXE is $5.31 and a two-hundred day moving average price translates $4.50 for the stock.
The latest earnings results from NexGen Energy Ltd (NYSE: NXE) was released for Jun, 2023. According to the Uranium Company, earnings per share came in at -$0.03, missing analysts’ expectations of -$0.01 by -0.02. This compares to $0.03 EPS in the same period last year. The company reported revenue of $11.44 million for the quarter, compared to $9.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.12 percent.
NexGen Energy Ltd(NXE) Company Profile
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan. The company is headquartered in Vancouver, Canada.
