NexGen Energy Ltd (NYSE: NXE) stock jumped 2.66% on Monday to $6.55 against a previous-day closing price of $6.38. With 5.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.1 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $6.57 whereas the lowest price it dropped to was $6.38. The 52-week range on NXE shows that it touched its highest point at $6.45 and its lowest point at $3.49 during that stretch. It currently has a 1-year price target of $7.93. Beta for the stock currently stands at 1.87.

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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 6.68%, but this was up by 16.76% over a month. Three-month performance surged to 26.69% while six-month performance rose 56.70%. The stock gained 50.57% in the past year, while it has gained 47.86% so far this year. A look at the trailing 12-month EPS for NXE yields -0.15 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.03. This implies an EPS growth rate of -85.28% for this year and 41.22% for next year.

Float and Shares Shorts:

At present, 482.53 million NXE shares are outstanding with a float of 455.20 million shares on hand for trading. On Oct 30, 2023, short shares totaled 30.32 million, which was 5.80% higher than short shares on Sep 28, 2023. In addition to Mr. Leigh Robert Curyer ACA, BA (Acc) as the firm’s Founder, President, CEO & Director, Ms. Gillian A. McCombie serves as its Vice President of Human Resources.

Institutional Ownership:

Through their ownership of 35.00% of NXE’s outstanding shares, institutional investors have minority control over the company. With a 4.84% stake in NXE, the Global X Uranium ETF is the largest stakeholder. A total of 23,800,218 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 2.19% of NXE stock, is the second-largest Mutual Fund holder. It holds 10,735,330 shares valued at 64.95 million. Geiger Counter Ltd. holds 0.87% of the stake in NXE, owning 4,290,500 shares worth 25.96 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NXE since 0 analysts follow the stock currently. 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 $9.45 and a low target of $7.23, the average target price over the next 12 months is $7.93. Based on these targets, NXE could surge 44.27% to reach the target high and rise by 10.38% to reach the target low. Reaching the average price target will result in a growth of 21.07% from current levels.

Summary of Insider Activity:

Insiders traded NXE stock several times over the past three months with 5 Buys and 4 Sells. In these transactions, 667,477 shares were bought while 666,667 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 6,944,613 while 25,770,316 shares were sold.

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