NXE Stock Summary and Trading Ideas (Nexgen Energy Ltd. Common Shares | NYSE:NXE)

NexGen Energy Ltd is a mineral exploration company. It is engaged in the acquisition, exploration, evaluation and development of uranium properties in Canada. The company's projects portfolio consists of ROOK I, and the IsoEnergy, at the Athabasca Basin. The Rook I property hosts the world-class Arrow Zone, the Bow discovery. as well as the discovered Harpoon area located northeast of the Arrow deposit.

Nexgen Energy Ltd. Common Shares trades on the NYSE stock market under the symbol NXE.

As of January 31, 2025, NXE stock price climbed to $6.89 with 3,642,112 million shares trading.

NXE has a beta of 2.13, meaning it tends to be more sensitive to market movements. NXE has a correlation of 0.23 to the broad based SPY ETF.

NXE has a market cap of $3.89 billion. This is considered a Mid Cap stock.

In the last 3 years, NXE traded as high as $8.96 and as low as $3.39.

The top ETF exchange traded funds that NXE belongs to (by Net Assets): URA, URNM, NLR, URNJ, MGNR.

NXE has underperformed the market in the last year with a price return of -11.0% while the SPY ETF gained +25.6%. NXE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.9% and +2.5%, respectively, while the SPY returned +5.4% and +3.0%, respectively.

NXE support price is $6.52 and resistance is $7.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NXE shares will trade within this expected range on the day.