Is NexGen Energy Stock a Good Investment?
NexGen Energy Investment Advice | NXE |
- Examine NexGen Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research NexGen Energy's leadership team and their track record. Good management can help NexGen Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil, Gas & Consumable Fuels space and any emerging trends that could impact NexGen Energy's business and its evolving consumer preferences.
- Compare NexGen Energy's performance and market position to its competitors. Analyze how NexGen Energy is positioned in terms of product offerings, innovation, and market share.
- Check if NexGen Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about NexGen Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in NexGen Energy stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if NexGen Energy is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Sell | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine NexGen Energy Stock
Researching NexGen Energy's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 48.0% of the company shares are owned by institutional investors. The company last dividend was issued on the March 13, 2013.
To determine if NexGen Energy is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding NexGen Energy's research are outlined below:
| NexGen Energy had very high historical volatility over the last 90 days | |
| NexGen Energy has about 167.27 M in cash with (52.62 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.35. | |
| Latest headline from news.google.com: NexGen Energy Still A Long Way To Go For A Buy Rating - Seeking Alpha |
NexGen Energy uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in NexGen Energy. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NexGen Energy's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 23rd of February 2024 Upcoming Quarterly Report | View | |
| 1st of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 23rd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact NexGen Energy's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises NexGen Energy's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-10-28 | 2019-09-30 | -0.03 | -0.0214 | 0.0086 | 28 | ||
2023-05-03 | 2023-03-31 | -0.02 | -0.01 | 0.01 | 50 | ||
2022-08-05 | 2022-06-30 | -0.03 | -0.02 | 0.01 | 33 | ||
2022-02-25 | 2021-12-31 | -0.02 | -0.03 | -0.01 | 50 | ||
2017-11-07 | 2017-09-30 | -0.01 | -0.02 | -0.01 | 100 | ||
2017-05-15 | 2017-03-31 | -0.01 | -0.02 | -0.01 | 100 | ||
2017-03-07 | 2016-12-31 | -0.01 | -0.02 | -0.01 | 100 | ||
2022-05-05 | 2022-03-31 | -0.03 | -0.05 | -0.02 | 66 |
NexGen Energy Analyst Ratings
NexGen Energy's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about NexGen Energy stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of NexGen Energy's financials, market performance, and future outlook by experienced professionals. NexGen Energy's historical ratings below, therefore, can serve as a valuable tool for investors.Know NexGen Energy's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as NexGen Energy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NexGen Energy backward and forwards among themselves. NexGen Energy's institutional investor refers to the entity that pools money to purchase NexGen Energy's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Waratah Capital Advisors Ltd | 2023-12-31 | 4.8 M | Exor Investments (uk) Llp | 2023-12-31 | 3.9 M | Royal Bank Of Canada | 2023-12-31 | 3.6 M | Amvescap Plc. | 2023-12-31 | 3 M | Td Asset Management Inc | 2023-12-31 | 3 M | Point72 Asset Management, L.p. | 2023-09-30 | 3 M | 1832 Asset Management L.p | 2023-12-31 | 2.8 M | Oxbow Capital Management (hk) Ltd | 2023-12-31 | 2.6 M | Bank Of Montreal | 2023-12-31 | 2.3 M | Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 25.5 M | L1 Capital Pty Ltd | 2023-09-30 | 21.8 M |
NexGen Energy's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 4.3 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NexGen Energy's market, we take the total number of its shares issued and multiply it by NexGen Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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NexGen Energy's profitablity analysis
NexGen Energy's profitability indicators refer to fundamental financial ratios that showcase NexGen Energy's ability to generate income relative to its revenue or operating costs. If, let's say, NexGen Energy is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NexGen Energy's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NexGen Energy's profitability requires more research than a typical breakdown of NexGen Energy's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.08 | 0.08 | |
| Return On Capital Employed | (0.09) | (0.09) | |
| Return On Assets | 0.08 | 0.08 | |
| Return On Equity | 0.1 | 0.10 |
Determining NexGen Energy's profitability involves analyzing its financial statements and using various financial metrics to determine if NexGen Energy is a good buy. For example, gross profit margin measures NexGen Energy's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of NexGen Energy's profitability and make more informed investment decisions.
The data published in NexGen Energy's official financial statements usually reflect NexGen Energy's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of NexGen Energy. For example, before you start analyzing numbers published by NexGen accountants, it's critical to develop an understanding of what NexGen Energy's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of NexGen Energy's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NexGen Energy's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NexGen Energy's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NexGen Energy. Please utilize our Beneish M Score to check the likelihood of NexGen Energy's management manipulating its earnings.
Evaluate NexGen Energy's management efficiency
NexGen Energy has Return on Asset of (0.0678) % which means that on every $100 spent on assets, it lost $0.0678. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.11 %, implying that it generated $0.11 on every 100 dollars invested. NexGen Energy's management efficiency ratios could be used to measure how well NexGen Energy manages its routine affairs as well as how well it operates its assets and liabilities. At present, NexGen Energy's Return On Assets are projected to increase slightly based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Capital Employed is forecasted to decline to (0.09). At present, NexGen Energy's Other Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 322.3 M, whereas Tangible Asset Value is forecasted to decline to about 94.7 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.65 | 1.73 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 167.7 M | 94.7 M | |
| Tangible Book Value Per Share | 1.65 | 1.73 | |
| Enterprise Value Over EBITDA | (54.11) | (51.40) | |
| Price Book Value Ratio | 5.63 | 5.35 | |
| Enterprise Value Multiple | (54.11) | (51.40) | |
| Price Fair Value | 5.63 | 5.35 | |
| Enterprise Value | 4.5 B | 4.7 B |
The analysis of NexGen Energy's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze NexGen Energy's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of NexGen Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 1.823 |
Basic technical analysis of NexGen Stock
As of the 29th of April, NexGen Energy secures the Downside Deviation of 3.06, mean deviation of 2.2, and Risk Adjusted Performance of 0.0392. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NexGen Energy, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for NexGen Energy, which can be compared to its peers in the industry. Please verify NexGen Energy coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if NexGen Energy is priced some-what accurately, providing market reflects its recent price of 7.96 per share. Given that NexGen Energy has jensen alpha of 0.0194, we recommend you to check NexGen Energy's last-minute market performance to make sure the company can sustain itself at a future point.Understand NexGen Energy's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing NexGen Energy's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0392 | |||
| Market Risk Adjusted Performance | 0.1013 | |||
| Mean Deviation | 2.2 | |||
| Semi Deviation | 2.71 | |||
| Downside Deviation | 3.06 | |||
| Coefficient Of Variation | 1999.13 | |||
| Standard Deviation | 3.12 | |||
| Variance | 9.75 | |||
| Information Ratio | 0.0214 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | 0.0913 | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 5.5 | |||
| Downside Variance | 9.38 | |||
| Semi Variance | 7.35 | |||
| Expected Short fall | (2.42) | |||
| Skewness | 0.4045 | |||
| Kurtosis | 1.93 |
| Risk Adjusted Performance | 0.0392 | |||
| Market Risk Adjusted Performance | 0.1013 | |||
| Mean Deviation | 2.2 | |||
| Semi Deviation | 2.71 | |||
| Downside Deviation | 3.06 | |||
| Coefficient Of Variation | 1999.13 | |||
| Standard Deviation | 3.12 | |||
| Variance | 9.75 | |||
| Information Ratio | 0.0214 | |||
| Jensen Alpha | 0.0194 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | 0.0913 | |||
| Maximum Drawdown | 18.31 | |||
| Value At Risk | (5.22) | |||
| Potential Upside | 5.5 | |||
| Downside Variance | 9.38 | |||
| Semi Variance | 7.35 | |||
| Expected Short fall | (2.42) | |||
| Skewness | 0.4045 | |||
| Kurtosis | 1.93 |
Consider NexGen Energy's intraday indicators
NexGen Energy intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NexGen Energy stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
NexGen Energy Corporate Filings
6K | 11th of March 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 7th of March 2024 Other Reports | ViewVerify | |
F3 | 16th of January 2024 An amendment to the original Schedule 13D filing | ViewVerify |
| 12th of December 2023 Other Reports | ViewVerify |
NexGen Stock media impact
Far too much social signal, news, headlines, and media speculation about NexGen Energy that are available to investors today. That information is available publicly through NexGen media outlets and privately through word of mouth or via NexGen internal channels. However, regardless of the origin, that massive amount of NexGen data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of NexGen Energy news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of NexGen Energy relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to NexGen Energy's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive NexGen Energy alpha.
NexGen Energy Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards NexGen Energy can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
NexGen Energy Historical Investor Sentiment
Investor biases related to NexGen Energy's public news can be used to forecast risks associated with an investment in NexGen. The trend in average sentiment can be used to explain how an investor holding NexGen can time the market purely based on public headlines and social activities around NexGen Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NexGen Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NexGen Energy and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average NexGen Energy news discussions. The higher the estimate score, the more favorable the investor's outlook on NexGen Energy.
NexGen Energy Maximum Pain Price across 2024-05-17 Option Contracts
NexGen Energy's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of NexGen Energy close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of NexGen Energy's options.
Be your own money manager
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NexGen Energy Corporate Directors
NexGen Energy corporate directors refer to members of a NexGen Energy board of directors. The board of directors generally takes responsibility for the NexGen Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NexGen Energy's board members must vote for the resolution. The NexGen Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Warren Gilman | Independent Director | Profile | |
| Craig Parry | Independent Director | Profile | |
| Sybil Veenman | Independent Director | Profile | |
| Richard Patricio | Independent Director | Profile |
How to buy NexGen Stock?
To provide specific investment advice or recommendations on NexGen Energy stock, we recommend investors consider the following general factors when evaluating NexGen Energy. This will help you to make an informed decision on whether to include NexGen Energy in one of your diversified portfolios:- Examine NexGen Energy's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research NexGen Energy's leadership team and their track record. Good management can help NexGen Energy navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Oil, Gas & Consumable Fuels space and any emerging trends that could impact NexGen Energy's business and its evolving consumer preferences.
- Compare NexGen Energy's performance and market position to its competitors. Analyze how NexGen Energy is positioned in terms of product offerings, innovation, and market share.
- Check if NexGen Energy pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about NexGen Energy's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in NexGen Energy stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if NexGen Energy is a good investment.
Already Invested in NexGen Energy?
The danger of trading NexGen Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NexGen Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NexGen Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NexGen Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's future performance. For an informed investment choice regarding NexGen Stock, refer to the following important reports: 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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
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 0.12 | Return On Assets (0.07) | Return On Equity 0.11 |
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.
In summary, please note that there is a difference between NexGen Energy's value and its price, as these two are different measures arrived at by various 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.