NexGen Energy Ltd (NYSE: NXE) is 0.45% higher on its value in year-to-date trading and has touched a low of $3.91 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 $6.69 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $6.63, the stock is 7.91% and 21.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.2 million and changing -0.90% at the moment leaves the stock 5.05% off its SMA200. NXE registered -0.60% loss for a year compared to 6-month loss of -17.02%.
The stock witnessed a 18.60% gain in the last 1 month and extending the period to 3 months gives it a 41.36%, and is 3.59% 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 3.07% over the week and 3.84% over the month.
NexGen Energy Ltd (NXE) has around 133 employees, a market worth around $3.78B and $0.00M in sales. Distance from 52-week low is 69.57% and -26.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.58%).
The EPS is expected to shrink by -26.74% this year.
NexGen Energy Ltd (NXE) Top Institutional Holders
The shares outstanding are 569.19M, and float is at 519.72M with Short Float at 15.19%.
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 3.9153% 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 3.6932 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 19.07 million shares representing 2.4631% and valued at over $133.11 million, while ALPS ADVISORS INC holds 2.1096 of the shares totaling 16.33 million with a market value of $114.01 million.
