The stock of NexGen Energy Ltd (NXE) has gone down by -5.46% for the week, with a -1.12% drop in the past month and a 18.42% rise in the past quarter. The volatility ratio for the week is 5.32%, and the volatility levels for the past 30 days are 5.17% for NXE. The simple moving average for the past 20 days is 2.81% for NXE’s stock, with a 27.44% simple moving average for the past 200 days.
Is It Worth Investing in NexGen Energy Ltd (NYSE: NXE) Right Now?
NexGen Energy Ltd (NYSE: NXE) has a price-to-earnings ratio of 77.15x that is above its average ratio. Additionally, the 36-month beta value for NXE is 1.91. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NXE is 492.44M and currently, short sellers hold a 8.12% ratio of that float. The average trading volume of NXE on April 08, 2024 was 6.74M shares.
NXE) stock’s latest price update
NexGen Energy Ltd (NYSE: NXE)’s stock price has plunge by -5.46relation to previous closing price of 8.43. Nevertheless, the company has seen a -5.46% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-05 that The world is fighting to go green. So, it’s a good idea to have exposure to some of the best renewable energy stocks to buy in April.
NXE Trading at 4.89% from the 50-Day Moving Average
After a stumble in the market that brought NXE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.20% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 5.32%, as shares surge +8.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.03% upper at present.
During the last 5 trading sessions, NXE fell by -5.46%, which changed the moving average for the period of 200-days by +69.21% in comparison to the 20-day moving average, which settled at $7.78. In addition, NexGen Energy Ltd saw 13.86% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NXE
The total capital return value is set at -0.09. Equity return is now at value 12.58, with 9.97 for asset returns.
Based on NexGen Energy Ltd (NXE), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.33. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -14.26.
Currently, EBITDA for the company is -82.93 million with net debt to EBITDA at 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.00.
Conclusion
In conclusion, NexGen Energy Ltd (NXE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
