NexGen Energy Ltd (NXE) Is Up 8.57% in 2024 With Lots of Room to Run

NexGen Energy Ltd (NYSE: NXE) is 8.57% higher on its value in year-to-date trading and has touched a low of $3.49 and a high of $8.31 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NXE stock was last observed hovering at around $7.70 in the last trading session, with the day’s loss setting it -0.1%.

Currently trading at $7.60, the stock is -0.76% and 6.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.16 million and changing -1.30% at the moment leaves the stock 36.21% off its SMA200. NXE registered 65.22% gain for a year compared to 6-month gain of 62.39%. The firm has a 200-day simple moving average (SMA200) of -$36.11.

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The stock witnessed a 7.80% loss in the last 1 month and extending the period to 3 months gives it a 32.40%, and is -6.40% 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 4.37% over the month.

Distance from 52-week low is 117.77% and -8.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.26%).

NexGen Energy Ltd quarterly earnings per share for the current quarter are estimated at -$0.03.The EPS is expected to shrink by -82.04% this year.

NexGen Energy Ltd (NXE) Top Institutional Holders

273 institutions hold shares in NexGen Energy Ltd (NXE), with institutional investors hold 49.28% of the company’s shares. The shares outstanding are 482.53M, and float is at 474.41M with Short Float at 8.50%. Institutions hold 45.20% of the Float.

The top institutional shareholder in the company is Mirae Asset Global Investments Co., Ltd. with over 21.15 million shares valued at $99.61 million. The investor’s holdings represent 4.05% of the NXE Shares outstanding. As of Jun 29, 2023, the second largest holder is L1 Capital Pty Ltd with 16.62 million shares valued at $78.29 million to account for 3.18% of the shares outstanding. The other top investors are Segra Capital Management, LLC which holds 11.43 million shares representing 2.19% and valued at over $53.83 million, while Alps Advisors Inc. holds 2.14% of the shares totaling 11.15 million with a market value of $52.52 million.

NexGen Energy Ltd (NXE) Insider Activity

A total of 15 insider transactions have happened at NexGen Energy Ltd (NXE) in the last six months, with sales accounting for 6 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 64.15% up over the past 12 months. Paladin Energy Ltd. (PALAF) that is 63.16% higher over the same period.