NexGen Energy (Germany) Today
| 6NE Stock | EUR 7.30 0.15 2.10% |
Performance3 of 100
| Odds Of DistressLess than 19
|
NexGen Energy is trading at 7.30 as of the 24th of April 2024. This is a 2.10% increase since the beginning of the trading day. The stock's lowest day price was 7.22. NexGen Energy has less than a 19 % chance of experiencing some financial distress in the next two years of operation, but did not have a good performance during the last 90 trading days. Equity ratings for NexGen Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. Its principal asset is the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the Athabasca Basin, Saskatchewan. The company has 487.08 M outstanding shares. More on NexGen Energy
Moving together with NexGen Stock
| 0.76 | BH6 | Bannerman Resources | PairCorr |
NexGen Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NexGen Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NexGen Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Leigh Curyer |
| Business Concentration | Uranium, Energy (View all Sectors) |
NexGen Energy (6NE) is traded on Frankfurt Exchange in Germany and employs 26 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.95 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. NexGen Energy classifies itself under Energy sector and is part of Uranium industry. The entity has 487.08 M outstanding shares.
NexGen Energy has accumulated about 226.8 M in cash with (20.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.48.
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Ownership AllocationNexGen Energy holds a total of 487.08 Million outstanding shares. 30% of NexGen Energy outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
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NexGen Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of NexGen Energy jumping above the current price in 90 days from now is about 25.51%. The NexGen Energy probability density function shows the probability of NexGen Energy stock to fall within a particular range of prices over 90 days. Assuming the 90 days horizon NexGen Energy has a beta of -0.7751. This suggests as returns on the benchmark increase, returns on holding NexGen Energy are expected to decrease at a much lower rate. During a bear market, however, NexGen Energy is likely to outperform the market. Additionally, nexGen Energy has an alpha of 0.1689, implying that it can generate a 0.17 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of NexGen Energy to move above the current price in 90 days from now is about 25.51 (This NexGen Energy probability density function shows the probability of NexGen Stock to fall within a particular range of prices over 90 days) .
NexGen Energy Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. NexGen Energy market risk premium is the additional return an investor will receive from holding NexGen Energy long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NexGen Energy. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NexGen Energy's alpha and beta are two of the key measurements used to evaluate NexGen Energy's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.6 | |||
| Semi Deviation | 3.07 | |||
| Standard Deviation | 3.62 | |||
| Variance | 13.07 |
NexGen Stock Against Markets
Picking the right benchmark for NexGen Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NexGen Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NexGen Energy is critical whether you are bullish or bearish towards NexGen Energy at a given time. Please also check how NexGen Energy's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in NexGen Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
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?
Before investing in NexGen Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NexGen Energy. To buy NexGen Energy stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of NexGen Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase NexGen Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located NexGen Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased NexGen Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NexGen Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy NexGen Stock please use our How to Invest in NexGen Energy guide.
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 Trending Equities 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 board of governors. For more detail on how to invest in NexGen Stock please use our How to Invest in NexGen Energy guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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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