With over 1.67 million NexGen Energy Ltd. (NXE) shares trading Monday and a closing price of $4.18 on the day, the dollar volume was approximately $6.96 million. The shares have shown a negative half year performance of -3.91% and its price on 05/22/23 gained nearly 6.63%. Currently, there are 485.40M common shares owned by the public and among those 400.01M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for NXE have a consensus price objective of $7.16. The analysts have set the share’s price value over the next 12 months at a high of $8.53 and a low of $4.99. The average price target is 16.4% above its recent price level and an upside to the estimated low will see the stock gain 16.23% over that period. But an upside of 51.0% will see the stock hit the forecast high price target while median target price for the stock is $7.10.
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Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 2,083,000 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 1,600,000 shares.
The top 3 mutual fund holders in NexGen Energy Ltd. are Global X Uranium ETF, Sprott Uranium Miners ETF, and Kopernik Global All Cap Fund. Global X Uranium ETF owns 18.94 million shares of the company’s stock, all valued at over $73.87 million. The company sold 50364.0 shares recently to bring their total holdings to about 3.93% of the shares outstanding. Sprott Uranium Miners ETF sold 30008.0 shares to see its total holdings shrink to 10.34 million shares valued at over $40.34 million and representing 2.14% of the shares outstanding. Kopernik Global All Cap Fund bought 1.23 million shares to bring its total holdings to over 5.34 million shares at a value of $20.82 million. Kopernik Global All Cap Fund now owns shares totaling to 1.11% of the shares outstanding.
Shares of NexGen Energy Ltd. (NYSE: NXE) opened at $3.91, down -$0.01 from a prior closing price of $3.92. However, the script later moved the day high at 4.2650, up 6.63%. The company’s stock has a 5-day price change of 3.21% and -0.24% over the past three months. NXE shares are trading -5.64% year to date (YTD), with the 12-month market performance down to -7.11% lower. It has a 12-month low price of $3.39 and touched a high of $5.33 over the same period. NXE has an average intraday trading volume of 1.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.75%, 10.73%, and 1.13% respectively.
Institutional ownership of NexGen Energy Ltd. (NYSE: NXE) shares accounts for 33.48% of the company’s 485.40M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $2.77B and a beta (3y monthly) value of 1.78. The earnings-per-share (ttm) stands at -$0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.39% over the week and 3.89% over the month.
Analysts forecast that NexGen Energy Ltd. (NXE) will achieve an EPS of -$0.02 for the current quarter, -$0.02 for the next quarter and -$0.07 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 54.50%, and 0.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate NexGen Energy Ltd. (NXE) as a “Strong Buy” at a consensus score of 1.70. Specifically, 9 Wall Street analysts polled rate the stock as a buy, while 0 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
