How to Buy Nexgen Energy Stock
Nexgen Energy Ltd
NexGen Energy Ltd. engages in the acquisition, exploration, and development of uranium properties. The company is headquartered in Vancouver, British Columbia and currently employs 32 full-time employees.
Nexgen Energy stock last closed at $8.29, up 1.47% from the previous day, and has increased 119.89% in one year. It has overperformed other stocks in the Uranium industry by 0.45 percentage points. Nexgen Energy stock is currently +129.96% from its 52-week low of $3.61, and -6.59% from its 52-week high of $8.88.
As of May 3, 2024, there are 525.34M NXE shares outstanding. The market cap of NXE is $4.36B. In the last 24 hours, 5.31M NXE shares were traded.
How to Buy Nexgen Energy Stock
Wondering how to invest in Nexgen Energy stock? Here's how.
- Choose where to buy Nexgen Energy stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Nexgen Energy stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your payment method and add your details.
- Evaluate Nexgen Energy stock: The Nexgen Energy ticker symbol is NXE. Is Nexgen Energy stock a good investment? Should you buy shares of NXE? How do NXE's underlying business fundamentals look? Do top analysts think Nexgen Energy is a good buy? Why has NXE's stock price moved recently? (Hint: Our stock market research website can help you decide if NXE is a good stock to buy).
- Make your NXE buy order: Decide if you will purchase NXE shares at the current market price or use a limit order to purchase NXE stock at a given price.
- Keep an eye on your NXE position: Create a watchlist to track your investment in Nexgen Energy stock.
Step 1: Choose where to buy Nexgen Energy stock
You will need an online brokerage account in order to access the NYSE market and buy NXE stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Energy, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal info so you are able to buy NXE today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create your new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've finished signing up on the best investment app, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Nexgen Energy stock
After you have decided on the best place to buy Nexgen Energy stock, it's important to analyze their stock prior to investing, so you truly comprehend the risk and upside.
Nexgen Energy Metrics
NXE Zen Score
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on NXE's stock page.
Is NXE stock properly valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NXE's intrinsic value.
Using relative valuations ratios:
- NXE could be undervalued based on its P/E ratio of 70.25x, relative to Uranium industry P/E ratio of -5.59x
- NXE could be overvalued based on its P/B ratio of 7.22x, relative to Uranium industry P/B ratio of 4.53x
You can access more valuation analysis on NXE's stock here.
Is NXE a healthy company?
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the NXE balance sheet.
- NXE has cash burn of 123840441. It has enough cash and short-term investments to cover this for at least one year.
- Total NXE debt is lower than 5 years ago, relative to shareholder equity.
- NXE has a low debt to equity ratio of 0.23.
- There are more short-term assets than short-term liabilities on the NXE balance sheet.
Failed Health Checks:
- NXE has $214.22M in cash and short term investments. This is not sufficient to cover its annual cash burn of $123.84M.
You can dive deeper into what analysts are projecting on the Nexgen Energy stock forecast page.
NXE Technical Indicators
Who is buying/selling NXE?
Over the past 12 months, executives and large shareholders at NXE have not bought or sold any shares.
Get more info about who owns NXE stock here.
Can I get consistent income from NXE stock?
No, Nexgen Energy doesn't provide an income stream by paying out dividends.
What others are saying about NXE
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your NXE buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually sufficient. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.
Click the Open Trade button and eToro will execute the order.
If you require additional help with buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your NXE position
Now that you own some NXE shares, you'll want to keep up with your new investment.
Make a watchlist to track the most important metrics related to your NXE stock.
NXE Feed
How to Buy Stock in Nexgen Energy
To reiterate, here are the 6 steps you need to take to buy Nexgen Energy stock right now:
- Choose where to buy Nexgen Energy stock
- Create your brokerage account
- Fund your investment account
- Evaluate Nexgen Energy stock
- Make your NXE buy order
- Keep an eye on your NXE position
If you require a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Nexgen Energy, add NXE to your watchlist by clicking the button below.
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