NexGen Energy Ltd (NYSE: NXE) has a price-to-earnings ratio that is above its average at 77.67x. The stock has a 36-month beta value of 1.91. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NXE is 493.94M, and at present, short sellers hold a 9.29% of that float. On April 15, 2024, the average trading volume of NXE was 6.53M shares.
NXE) stock’s latest price update
NexGen Energy Ltd (NYSE: NXE)’s stock price has soared by 0.16 in relation to previous closing price of 8.01. Nevertheless, the company has seen a gain of 0.54% in its stock price over the last five trading days. 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’s Market Performance
NexGen Energy Ltd (NXE) has seen a 0.54% rise in stock performance for the week, with a 11.74% gain in the past month and a 2.33% surge in the past quarter. The volatility ratio for the week is 5.29%, and the volatility levels for the past 30 days are at 4.64% for NXE. The simple moving average for the past 20 days is 1.08% for NXE’s stock, with a 26.54% simple moving average for the past 200 days.
NXE Trading at 4.82% 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 -9.60% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 5.29%, as shares surge +8.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.55% lower at present.
During the last 5 trading sessions, NXE rose by +0.75%, which changed the moving average for the period of 200-days by +75.93% in comparison to the 20-day moving average, which settled at $7.97. In addition, NexGen Energy Ltd saw 14.61% 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
To sum up, NexGen Energy Ltd (NXE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
