The stock price of NexGen Energy Ltd (NYSE: NXE) has dropped by -2.87 compared to previous close of 7.23. Despite this, the company has seen a fall of -7.72% in its stock price over the last five trading days. prnewswire.com reported 2024-10-31 that VANCOUVER, BC, Oct. 31, 2024 /PRNewswire/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the Company will host its 2024 third quarter conference call on Tuesday, November 12, 2024, at 8:30 am Eastern Standard Time.
Is It Worth Investing in NexGen Energy Ltd (NYSE: NXE) Right Now?
NexGen Energy Ltd (NYSE: NXE) has a price-to-earnings ratio of 84.92x 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.”
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The public float for NXE is 517.60M and currently, short sellers hold a 10.62% ratio of that float. The average trading volume of NXE on November 04, 2024 was 5.19M shares.
NXE’s Market Performance
NXE’s stock has seen a -7.72% decrease for the week, with a 1.63% rise in the past month and a 28.39% gain in the past quarter. The volatility ratio for the week is 3.28%, and the volatility levels for the past 30 days are at 3.93% for NexGen Energy Ltd. The simple moving average for the past 20 days is -6.15% for NXE’s stock, with a -1.30% simple moving average for the past 200 days.
NXE Trading at 5.47% 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 -20.91% of loss for the given period.
Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares surge +4.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.00% upper at present.
During the last 5 trading sessions, NXE fell by -7.49%, which changed the moving average for the period of 200-days by -7.37% in comparison to the 20-day moving average, which settled at $7.48. In addition, NexGen Energy Ltd saw 0.33% 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 -0.08. Equity return is now at value 10.25, with 7.41 for asset returns.
Based on NexGen Energy Ltd (NXE), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at -0.1. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is -6.89.
Currently, EBITDA for the company is -83.72 million with net debt to EBITDA at 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
In conclusion, NexGen Energy Ltd (NXE) has seen better 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’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.
