Nexgen Energy Stock Performance
NXE Stock | USD 7.79 0.12 1.56% |
NexGen Energy has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.5, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NexGen Energy will likely underperform. NexGen Energy right now secures a risk of 3.22%. Please verify NexGen Energy semi variance, as well as the relationship between the daily balance of power and price action indicator , to decide if NexGen Energy will be following its current price movements.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in NexGen Energy are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, NexGen Energy is not utilizing all of its potentials. The newest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Actual Historical Performance (%)
One Day Return (2.17) | Five Day Return (7.92) | Year To Date Return 13.13 | Ten Year Return 2.1 K | All Time Return (48.56) |
1 | Can NexGen Energy Stock Continue to Surge Higher - The Motley Fool Canada | 02/21/2024 |
2 | Closing Bell Nexgen Energy Ltd up on Thursday - Barchart | 02/29/2024 |
3 | 7 Nuclear and Uranium Stocks to Power Up Your Portfolio | 03/04/2024 |
4 | NXE Stock Earnings NexGen Energy Misses EPS for Q4 2023 | 03/07/2024 |
5 | NexGen Energy Unveils Major Uranium Discovery - TipRanks.com - TipRanks | 03/11/2024 |
6 | Is NexGen Energy Ltd Stock Near the Top of the Uranium Industry - InvestorsObserver | 03/13/2024 |
7 | 7 Strong Buy Stocks Under 20 With Good Value for the Price - InvestorPlace | 03/18/2024 |
8 | Is NexGen Energy Ltd a Winner in the Uranium Industry - InvestorsObserver | 03/26/2024 |
9 | Scotiabank starts NexGen Energy stock with upbeat view, cites attractive valuation | 04/01/2024 |
10 | NexGen Energy Ltd. Increased 11 percent in Q1 | 04/17/2024 |
Begin Period Cash Flow | 134.4 M |
NexGen |
NexGen Energy Relative Risk vs. Return Landscape
If you would invest 760.00 in NexGen Energy on January 19, 2024 and sell it today you would earn a total of 18.50 from holding NexGen Energy or generate 2.43% return on investment over 90 days. NexGen Energy is generating 0.0889% of daily returns assuming volatility of 3.2227% on return distribution over 90 days investment horizon. In other words, 28% of stocks are less volatile than NexGen, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
Risk |
NexGen Energy Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NexGen Energy's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NexGen Energy, and traders can use it to determine the average amount a NexGen Energy's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0276
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Estimated Market Risk
3.22 actual daily | 28 72% of assets are more volatile |
Expected Return
0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average NexGen Energy is performing at about 2% 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.
NexGen Energy Fundamentals Growth
NexGen Stock prices reflect investors' perceptions of the future prospects and financial health of NexGen Energy, and NexGen Energy fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NexGen Stock performance.
Return On Equity | 0.11 | ||||
Return On Asset | -0.0678 | ||||
Current Valuation | 4.1 B | ||||
Shares Outstanding | 539.55 M | ||||
Price To Earning | (25.53) X | ||||
Price To Book | 7.22 X | ||||
EBITDA | (82.93 M) | ||||
Net Income | 70.17 M | ||||
Cash And Equivalents | 167.27 M | ||||
Cash Per Share | 0.35 X | ||||
Total Debt | 160.42 M | ||||
Debt To Equity | 0.14 % | ||||
Current Ratio | 12.68 X | ||||
Book Value Per Share | 1.56 X | ||||
Cash Flow From Operations | (52.62 M) | ||||
Earnings Per Share | 0.12 X | ||||
Market Capitalization | 4.24 B | ||||
Total Asset | 1.01 B | ||||
Retained Earnings | (304 M) | ||||
Working Capital | 279.05 M | ||||
Current Asset | 79.78 M | ||||
Current Liabilities | 2.48 M | ||||
About NexGen Energy Performance
To evaluate NexGen Energy Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when NexGen Energy generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare NexGen Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand NexGen Energy market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents NexGen's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for Next Year | ||
Days Of Inventory On Hand | 0.00 | 0.00 | |
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 |
Things to note about NexGen Energy performance evaluation
Checking the ongoing alerts about NexGen Energy for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NexGen Energy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.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 finance.yahoo.com: NexGen Energy Ltd. Increased 11 percent in Q1 |
- Analyzing NexGen Energy's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NexGen Energy's stock is overvalued or undervalued compared to its peers.
- Examining NexGen Energy's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NexGen Energy's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NexGen Energy's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NexGen Energy's stock. These opinions can provide insight into NexGen Energy's potential for growth and whether the stock is currently undervalued or overvalued.
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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
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.
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.