Are Analysts Too Bullish On NexGen Energy Ltd (NXE)

NexGen Energy Ltd (NYSE:NXE) currently has a daily average trading volume of 7.60M but it saw 12518797 shares traded in last market. With a market cap of 3.05B USD, the company’s current market price of $5.40 came rising about 1.12 while comparing to the previous closing price of $5.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.96 and as low as $4.95.

Taking a look at 20-day trading activity of NexGen Energy Ltd (NXE) gives us an average price of $6.21, while its current price level is -39.73% below from 52-week high level whereas it is 9.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.69 while that of 200 days or SMA-200 reads an average of $6.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.37% during that period while stretching the period over a month that increases to 4.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 31.01 which implies that the stock is in neutral territory.

Over the week, NXE’s stock price is moving -8.78% down while it is -11.33% when we observe its performance for the past one month. Year-to-date it is -18.18% down and over the past year, the stock is showing a downside performance of -20.94%.

Currently, NexGen Energy Ltd’s total number of outstanding shares is 565.00M. Company’s return on investment (ROI) stands at 12.02% and return on equity (ROE) at 15.81%. It has a price to earnings ratio (P/E ratio) of 31.05. Stock’s beta reads 1.98. Stock has a price to book (P/B) ratio of 3.39. Its return on asset (ROA) is 11.38% on average.