NexGen Energy Ltd (NXE) is looking forward to a strong quarter

With 10.1 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.43 million shares. The 52-week range on NXE shows that it touched its highest point at $8.96 and its lowest point at $4.95 during that stretch. It currently has a 1-year price target of $10.04. Beta for the stock currently stands at 1.95.

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 down-trending over the past week, with a drop of -13.87%, but this was down by -25.37% over a month. Three-month performance dropped to -29.42% while six-month performance fell -6.83%. The stock lost -20.03% in the past year, while it has lost -15.30% so far this year. A look at the trailing 12-month EPS for NXE yields 0.17 with Next year EPS estimates of -0.10. For the next quarter, that number is -0.03. This implies an EPS growth rate of -145.31% for this year and -91.45% for next year.

Float and Shares Shorts:

At present, 565.00 million NXE shares are outstanding with a float of 517.53 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NXE since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.06123327 being high and -$0.09184991 being low. For NXE, this leads to a yearly average estimate of -$0.07654159. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.