Are we looking at the next big move in NexGen Energy Ltd (NXE)?

NexGen Energy Ltd (NYSE: NXE) is -0.57% lower 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 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 $6.98 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $6.96, the stock is -12.32% and -10.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.08 million and changing -0.29% at the moment leaves the stock -2.93% off its SMA200. NXE registered 4.82% gain for a year compared to 6-month gain of 3.26%. The firm has a 50-day simple moving average (SMA 50) of $7.74 and a 200-day simple moving average (SMA200) of $7.17045.

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The stock witnessed a -16.45% loss in the last 1 month and extending the period to 3 months gives it a 6.91%, and is -7.20% 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 3.77% over the week and 4.19% over the month.

NexGen Energy Ltd (NXE) has around 77 employees, a market worth around $3.93B and $0.00M in sales. Current P/E ratio is 40.02. Distance from 52-week low is 40.61% and -22.32% 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 -144.41% this year, but quarterly earnings will post 0.00% year-over-year.

NexGen Energy Ltd (NXE) Top Institutional Holders

327.0 institutions hold shares in NexGen Energy Ltd (NXE), with institutional investors hold 57.77% of the company’s shares. The shares outstanding are 565.00M, and float is at 517.40M with Short Float at 10.63%. Institutions hold 53.11% 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.