Nexgen Energy Stock Price on May 1, 2024
| NXE Stock | USD 7.21 0.03 0.41% |
Below is the normalized historical share price chart for NexGen Energy extending back to August 14, 2013. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NexGen Energy stands at 7.21, as last reported on the 14th of May 2024, with the highest price reaching 7.54 and the lowest price hitting 7.06 during the day.
If you're considering investing in NexGen Stock, it is important to understand the factors that can impact its price. We consider NexGen Energy moderately volatile. NexGen Energy has Sharpe Ratio of 0.007, which conveys that the firm had a 0.007% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for NexGen Energy, which you can use to evaluate the volatility of the firm. Please verify NexGen Energy's Risk Adjusted Performance of 0.008, standard deviation of 3.91, and Mean Deviation of 2.67 to check out if the risk estimate we provide is consistent with the expected return of 0.0281%.
At present, NexGen Energy's Common Stock Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 1.1 B, whereas Capital Stock is forecasted to decline to about 568.5 M. . The current year's Price Earnings Ratio is expected to grow to 59.99, whereas Price To Sales Ratio is forecasted to decline to 1,885. NexGen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of January 2016 | 200 Day MA 6.6659 | 50 Day MA 7.8414 | Beta 1.822 |
NexGen |
Sharpe Ratio = 0.007
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| Negative Returns | NXE |
Estimated Market Risk
| 3.99 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NexGen Energy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NexGen Energy by adding NexGen Energy to a well-diversified portfolio.
Price Book 7.2152 | Book Value 1.721 | Enterprise Value 3.7 B | Enterprise Value Ebitda 55.4661 | Shares Float 496.1 M |
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NexGen Energy Valuation on May 1, 2024
It is possible to determine the worth of NexGen Energy on a given historical date. On May 1, 2024 NexGen was worth 8.08 at the beginning of the trading date compared to the closed value of 7.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NexGen Energy stock. Still, in general, we apply an absolute valuation method to find NexGen Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NexGen Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NexGen Energy's related companies.
| Open | High | Low | Close | Volume | |
| 8.26 | 8.28 | 7.60 | 7.62 | 11,963,320 | |
05/01/2024 | 8.08 | 8.13 | 7.73 | 7.80 | 8,229,696 |
| 7.78 | 8.20 | 7.70 | 8.17 | 6,869,592 |
| Backtest NexGen Energy | | | NexGen Energy History | | | NexGen Energy Valuation | Previous | Next |
NexGen Energy Trading Date Momentum on May 1, 2024
| On May 02 2024 NexGen Energy was traded for 8.17 at the closing time. Highest NexGen Energy's price during the trading hours was 8.20 and the lowest price during the day was 7.70 . The net volume was 6.9 M. The overall trading history on the 2nd of May contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 4.74% . The trading delta at closing time to current price is 7.95% . |
NexGen Energy Fundamentals Correlations and Trends
By evaluating NexGen Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NexGen Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NexGen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NexGen Energy Stock history
NexGen Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NexGen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NexGen Energy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NexGen Energy stock prices may prove useful in developing a viable investing in NexGen Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 529.2 M | 315.9 M | |
| Net Loss | -50.9 M | -53.5 M |
NexGen Energy Quarterly Net Working Capital |
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NexGen Energy Stock Technical Analysis
NexGen Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NexGen Energy Period Price Range
Low | May 1, 2024
| High |
8.08 | 7.80 |
NexGen Energy May 14, 2024 Market Strength
Market strength indicators help investors to evaluate how NexGen Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NexGen Energy shares will generate the highest return on investment. By undertsting and applying NexGen Energy stock market strength indicators, traders can identify NexGen Energy entry and exit signals to maximize returns
| Accumulation Distribution | 404905.0 | |||
| Daily Balance Of Power | (0.70) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 7.93 | |||
| Day Typical Price | 7.89 | |||
| Price Action Indicator | (0.27) | |||
| Period Momentum Indicator | (0.59) | |||
| Relative Strength Index | 45.02 |
NexGen Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NexGen Energy's price direction in advance. Along with the technical and fundamental analysis of NexGen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NexGen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.01) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. For information on how to trade NexGen Stock refer to our How to Trade NexGen Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for NexGen Stock analysis
When running NexGen Energy's price analysis, check to measure NexGen Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NexGen Energy is operating at the current time. Most of NexGen Energy's value examination focuses on studying past and present price action to predict the probability of NexGen Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NexGen Energy's price. Additionally, you may evaluate how the addition of NexGen Energy to your portfolios can decrease your overall portfolio volatility.
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Is NexGen Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NexGen Energy. If investors know NexGen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NexGen Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 0.08 | Return On Assets (0.06) | Return On Equity 0.0633 |
The market value of NexGen Energy is measured differently than its book value, which is the value of NexGen that is recorded on the company's balance sheet. Investors also form their own opinion of NexGen Energy's value that differs from its market value or its book value, called intrinsic value, which is NexGen Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NexGen Energy's market value can be influenced by many factors that don't directly affect NexGen Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NexGen Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if NexGen Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NexGen Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.