In the past week, NXE stock has gone down by -2.55%, with a monthly decline of -1.42% and a quarterly surge of 3.95%. The volatility ratio for the week is 4.41%, and the volatility levels for the last 30 days are 4.52% for NexGen Energy Ltd The simple moving average for the past 20 days is -4.51% for NXE’s stock, with a 18.91% simple moving average for the past 200 days.
Is It Worth Investing in NexGen Energy Ltd (NYSE: NXE) Right Now?
The price-to-earnings ratio for NexGen Energy Ltd (NYSE: NXE) is above average at 73.86x, Company’s 36-month beta value is 1.90.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 9.29% ratio of that floaft. The average trading volume of NXE on April 22, 2024 was 6.26M shares.
NXE) stock’s latest price update
NexGen Energy Ltd (NYSE: NXE)’s stock price has soared by 0.26 in relation to previous closing price of 7.61. Nevertheless, the company has seen a loss of -2.55% 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 Trading at 0.07% 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 -14.03% of loss for the given period.
Volatility was left at 4.52%, however, over the last 30 days, the volatility rate increased by 4.41%, as shares sank -1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.43% lower at present.
During the last 5 trading sessions, NXE fell by -3.07%, which changed the moving average for the period of 200-days by +73.29% in comparison to the 20-day moving average, which settled at $7.98. In addition, NexGen Energy Ltd saw 9.00% 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 a nutshell, NexGen Energy Ltd (NXE) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
