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Saturday, December 9, 2023

Momentum Is Strong For NexGen Energy Ltd (NYSE: NXE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for NexGen Energy Ltd (NXE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0694, or 1.13%, to $6.1994. The NexGen Energy Ltd has recorded 184,118 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed NexGen Receives Provincial Environmental Assessment Approval for the Rook I Project.

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Stocks Info

This NYSE-listed company operates within the Uranium industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $6.13 and fluctuated between $6.31 as its day high and $6.03 as its day low. The current market capitalization of NexGen Energy Ltd is $3.01B. A total of 6.06 million shares were traded on the day, compared to an average of 4.86M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NXE has seen 8 BUY and 6 SELL insider trades, representing the acquisition of 1,117,491 and the disposition of 996,667 shares. Over the last 12 months, there were 35 BUYs and 16 SELLs from insiders. Insiders purchased 6,963,213 shares during that period but sold 25,770,316.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NXE in the last 3 months, the mean price target is $7.93 with high estimates of $9.45 and low estimates of $7.23. In terms of 52-week highs and lows, NXE has a high of $6.45 and a low of $3.49.

As of this writing, NXE has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.03 in the last quarter, which was -200.00% lower than expectations of -$0.01.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NXE is Buy with a score of 4.50.

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