Nexgen Energy Stock Price on February 2, 2024
| NXE Stock | CAD 11.91 0.13 1.10% |
Below is the normalized historical share price chart for NexGen Energy extending back to October 09, 2012. 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 11.91, as last reported on the 30th of November, with the highest price reaching 12.13 and the lowest price hitting 11.70 during the day.
If you're considering investing in NexGen Stock, it is important to understand the factors that can impact its price. NexGen Energy appears to be not too volatile, given 3 months investment horizon. NexGen Energy has Sharpe Ratio of 0.29, which conveys that the firm had a 0.29% return per unit of risk over the last 3 months. By analyzing NexGen Energy's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please exercise NexGen Energy's Mean Deviation of 2.11, risk adjusted performance of 0.1684, and Downside Deviation of 2.81 to check out if our risk estimates are consistent with your expectations.
At this time, NexGen Energy's Total Stockholder Equity is very stable compared to the past year. As of the 30th of November 2024, Common Stock Total Equity is likely to grow to about 309.1 M, while Common Stock Shares Outstanding is likely to drop about 315.9 M. . As of the 30th of November 2024, Price Earnings Ratio is likely to grow to 60.83, while Price To Sales Ratio is likely to drop 2,089. NexGen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 9.7786 | 50 Day MA 10.2164 | Beta 1.758 |
NexGen |
Sharpe Ratio = 0.2856
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Estimated Market Risk
| 2.76 actual daily | 24 76% of assets are more volatile |
Expected Return
| 0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average NexGen Energy is performing at about 22% of its full potential. 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 it to a well-diversified portfolio.
Price Book 5.5392 | Book Value 2.15 | Enterprise Value 6.6 B | Enterprise Value Ebitda 38.4728 | Shares Float 519.8 M |
NexGen Energy Valuation on February 2, 2024
It is possible to determine the worth of NexGen Energy on a given historical date. On February 2, 2024 NexGen was worth 10.94 at the beginning of the trading date compared to the closed value of 10.91. 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 | |
| 10.75 | 11.08 | 10.63 | 11.04 | 3,623,800 | |
02/02/2024 | 10.94 | 11.17 | 10.86 | 10.91 | 1,652,700 |
| 10.93 | 10.94 | 10.53 | 10.70 | 1,496,600 |
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NexGen Energy Trading Date Momentum on February 2, 2024
| On February 05 2024 NexGen Energy was traded for 10.70 at the closing time. The maximum traded price for the trading interval was 10.94 and the lowest daily price was 10.53 . The daily volume was recorded at 1.5 M. The volume of trading on 5th of February 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 1.92% . The trading delta at closing time to the closing price today is 6.42% . |
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 | November 30, 2024
| High |
0.00 | 0.00 |
NexGen Energy cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NexGen Energy November 30, 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
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 | 0.1684 | |||
| Jensen Alpha | 0.5109 | |||
| Total Risk Alpha | 0.1184 | |||
| Sortino Ratio | 0.171 | |||
| Treynor Ratio | 0.7953 |
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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 closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.