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NexGen Energy Ltd. (NXE) Review – Making Smarter Decisions

NexGen Energy Ltd. (NYSE: NXE) is -12.19% lower on its value in year-to-date trading and has touched a low of $3.39 and a high of $5.33 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 $3.99 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $7.10 for the next 12 months. It is also 54.4% off the consensus price target high of $8.53 offered by 11 analysts, but current levels are 22.04% higher than the price target low of $4.99 for the same period.

Currently trading at $3.89, the stock is -1.07% and 2.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing -2.51% at the moment leaves the stock -5.86% off its SMA200. NXE registered -15.07% loss for a year compared to 6-month loss of -7.82%. The firm has a 200-day simple moving average (SMA200) of -$50.54.

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The stock witnessed a 8.36% gain in the last 1 month and extending the period to 3 months gives it a -6.71%, and is -1.27% 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 4.82% over the week and 4.07% over the month.

Distance from 52-week low is 14.72% and -27.02% 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 have an average rating of 1.70, 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 08/09/2023.The EPS is expected to grow by 54.50% this year

NexGen Energy Ltd. (NXE) Top Institutional Holders

The shares outstanding are 485.40M, and float is at 400.01M with Short Float at 4.90%.

NexGen Energy Ltd. (NXE) Insider Activity

A total of 13 insider transactions have happened at NexGen Energy Ltd. (NXE) in the last six months, with sales accounting for 4 and purchases happening 9 times.

NexGen Energy Ltd. (NXE): Who are the competitors?

The company’s main competitors (and peers) include NexGen Energy Ltd. (NXE) that is trading -15.07% down over the past 12 months.

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