NexGen Energy Ltd. (NYSE: NXE) is -7.78% lower on its value in year-to-date trading and has touched a low of $3.39 and a high of $6.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NXE stock was last observed hovering at around $4.08 in the last trading session, with the day’s loss setting it -0.05% off its average median price target of $7.29 for the next 12 months. It is also 54.31% off the consensus price target high of $8.82 offered by 11 analysts, but current levels are 19.08% higher than the price target low of $4.98 for the same period.
Currently trading at $4.03, the stock is -6.24% and -1.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -1.23% at the moment leaves the stock -11.07% off its SMA200. NXE registered -13.70% loss for a year compared to 6-month loss of -30.99%.
The stock witnessed a 12.57% gain in the last 1 month and extending the period to 3 months gives it a 12.26%, and is -11.23% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.57% over the week and 6.75% over the month.
Distance from 52-week low is 18.85% and -38.57% from its 52-week high.
NexGen Energy Ltd. (NXE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for NexGen Energy Ltd. (NXE) is a “Buy”. 11 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
NexGen Energy Ltd. is expected to release its quarterly report on 11/08/2022.The EPS is expected to grow by 12.50% this year
NexGen Energy Ltd. (NXE) Top Institutional Holders
The shares outstanding are 479.28M, and float is at 399.78M with Short Float at 4.24%.
NexGen Energy Ltd. (NXE) Insider Activity
A total of 2 insider transactions have happened at NexGen Energy Ltd. (NXE) in the last six months, with sales accounting for 0 and purchases happening 2 times.
NexGen Energy Ltd. (NXE): Who are the competitors?
The company’s main competitors (and peers) include NexGen Energy Ltd. (NXE) that is trading -13.70% down over the past 12 months.