NexGen Energy Ltd. (NYSE:NXE - Get Free Report)'s share price rose 10.3% during mid-day trading on Thursday . The stock traded as high as $7.32 and last traded at $7.28. Approximately 1,755,950 shares changed hands during trading, a decline of 70% from the average daily volume of 5,850,524 shares. The stock had previously closed at $6.60.
NexGen Energy Stock Performance
The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 48.60 and a beta of 1.91. The company has a 50-day moving average price of $7.60 and a 200-day moving average price of $6.89.
NexGen Energy (NYSE:NXE - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the company earned ($0.04) EPS. As a group, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.
Institutional Trading of NexGen Energy
Several hedge funds have recently added to or reduced their stakes in NXE. Larson Financial Group LLC acquired a new stake in shares of NexGen Energy during the second quarter worth about $33,000. DekaBank Deutsche Girozentrale bought a new stake in NexGen Energy during the 3rd quarter worth approximately $76,000. SevenBridge Financial Group LLC acquired a new stake in NexGen Energy during the 3rd quarter worth approximately $87,000. New Harbor Financial Group LLC lifted its stake in NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock valued at $98,000 after buying an additional 2,500 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of NexGen Energy in the third quarter valued at approximately $98,000. Institutional investors and hedge funds own 42.43% of the company's stock.
About NexGen Energy
(
Get Free Report)
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
Read More
Before you consider NexGen Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NexGen Energy wasn't on the list.
While NexGen Energy currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
