Is NexGen Energy Ltd (NXE) a good stock to buy now?

NexGen Energy Ltd (NYSE: NXE) is 19.86% higher on its value in year-to-date trading and has touched a low of $4.95 and a high of $8.96 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 $8.88 in the last trading session, with the day’s loss setting it -0.49%.

Currently trading at $8.39, the stock is 9.48% and 15.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.11 million and changing -5.52% at the moment leaves the stock 17.78% off its SMA200. NXE registered 26.17% gain for a year compared to 6-month loss of 5.67%. The firm has a 50-day simple moving average (SMA 50) of $7.217 and a 200-day simple moving average (SMA200) of $7.1194.

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The stock witnessed a 11.42% gain in the last 1 month and extending the period to 3 months gives it a 31.92%, and is 5.93% up 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 5.28% over the week and 4.90% over the month.

NexGen Energy Ltd (NXE) has around 77 employees, a market worth around $6.74B and $0.00M in sales. Current P/E ratio is 48.25. Distance from 52-week low is 69.49% and -6.36% from its 52-week high. The company has generated returns on investments over the last 12 months (12.02%).

The EPS is expected to shrink by -145.80% this year, but quarterly earnings will post 0.00% year-over-year.

NexGen Energy Ltd (NXE) Top Institutional Holders

325.0 institutions hold shares in NexGen Energy Ltd (NXE), with institutional investors hold 57.73% of the company’s shares. The shares outstanding are 525.34M, and float is at 517.38M with Short Float at 10.63%. Institutions hold 53.13% of the Float.

The top institutional shareholder in the company is L1 CAPITAL PTY LTD with over 30.31 million shares valued at $288.89 million. The investor’s holdings represent 5.4964% of the NXE Shares outstanding. As of 2024-06-30, the second largest holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with 28.59 million shares valued at $199.35 million to account for 5.1845 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 19.07 million shares representing 3.4577% and valued at over $133.11 million, while ALPS ADVISORS INC holds 2.9615 of the shares totaling 16.33 million with a market value of $114.01 million.