NexGen Energy Ltd. (NYSE: NXE) stock fell -1.18% on Friday to $4.19 against a previous-day closing price of $4.24. With 1.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.71 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $4.3300 whereas the lowest price it dropped to was $4.1000. The 52-week range on NXE shows that it touched its highest point at $6.56 and its lowest point at $3.39 during that stretch. Beta for the stock currently stands at 1.71.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NXE was up-trending over the past week, with a rise of 0.72%, but this was up by 19.71% over a month. Three-month performance dropped to -14.66% while six-month performance fell -1.87%. The stock gained 0.24% in the past year, while it has lost -4.12% so far this year. A look at the trailing 12-month EPS for NXE yields -0.17 with Next year EPS estimates of -0.08. For the next quarter, that number is -0.01. This implies an EPS growth rate of 12.50% for this year and 16.70% for next year.
Float and Shares Shorts:
At present, 479.27 million NXE shares are outstanding with a float of 399.72 million shares on hand for trading. On Jul 14, 2022, short shares totaled 16.96 million, which was 3.54% higher than short shares on Jun 14, 2022. In addition to Mr. Leigh Robert Curyer ACA, BA (Acc) as the firm’s Founder, Pres, CEO & Director, Ms. Harpreet Dhaliwal C.A., CPA serves as its Chief Financial Officer.
Through their ownership of 28.97% of NXE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of NXE, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 4.21% stake in NXE, the Global X Uranium ETF is the largest stakeholder. A total of 20,201,142 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 1.85% of NXE stock, is the second-largest Mutual Fund holder. It holds 8,856,394 shares valued at 31.79 million. Kopernik Global All Cap Fund holds 1.01% of the stake in NXE, owning 4,842,902 shares worth 17.39 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NXE since 11 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NXE analysts setting a high price target of $9.16 and a low target of $4.99, the average target price over the next 12 months is $7.50. Based on these targets, NXE could surge 118.62% to reach the target high and rise by 19.09% to reach the target low. Reaching the average price target will result in a growth of 79.0% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NXE will report FY 2022 earnings on 02/27/2023. Analysts have provided yearly estimates in a range of -$0.02 being high and -$0.11 being low. For NXE, this leads to a yearly average estimate of -$0.07. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. NexGen Energy Ltd. surprised analysts by -$0.03 when it reported -$0.04 EPS against a consensus estimate of -$0.01. The surprise factor in the prior quarter was -$0.02. The average estimate for the next quarter is thus -$0.00.
Summary of Insider Activity:
Insiders traded NXE stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 4,500 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 2,270,500 while 1,550,000 shares were sold.