Are you a person more into trading and stock? You like to know more about NEXE stock? All the details including infographics like large data graphs, tables and charts showing on different sites may confuse you. This blog will give you detailed analysis of NEXE stock, covering its current performance, recent news, and comparisons with similar companies.
What Is NEXE Stock?
The NEXE stock is a most popular and well established manufacturer of compostable materials. The company NEXE Innovations Inc., is also traded under the ticker named NEXE.V on the TSX Venture Exchange. The NEXE got so much fame for producing the sustainable and eco friendly products in the industry. By considering the latest data of trading, it has very good positive changes.
NEXE Stock Price
The sites and data reveal that the NEXE stock is experiencing a light increase of around 3.70%. But if we consider the last three months stock price, it shows some noticeable decline of stock price around 24.32%. If you have a plan to consider the NEXE stock, it’s better to study their stock price for a year. The latest stock price of Aug 20, 2024 is $0.21. When we analyze the values of the last 52 days of NEXE, the values fluctuate between $0.19 and $0.28. So it is better to analyze and observe the area before planning to buy their stock. You can also check the nexe stock price for each day online.
Recent News About NEXE.V
In your learning process of nexe stock, you should be aware about the new updates and recent news about it.
- The Sale of Surrey Facility: The company put forward a strategic operation that focuses on the main core idea. NEXE Innovations recently announced the sale of its Surrey facility on their site and news for a price of CAD 5.7 million.
- Trading on OTCQB in America: The important news is they are going to expand the market. To get a larger investor base and expand the market, they started trading on the OTCQB in the United States. They recently got permission for it.
- Quarterly Financial Results: The company just released the financial results of 2024 and it is reporting a loss of CA$0.017 per share compared to CA$0.004 loss in the previous year’s second quarter.
Performance Overview
In this year 2024, the NEXE stock showed so much fluctuations and variations in the overall performance. Many experts are considering these issues as a cause of several market factors. If you check the Q1 2024 stock, cause a loss of CA$0.021 per share. Then look at the second Q2 2024 stock, it also became the loss of CA$0.017 for each share. But if you compare it with the previous share, there is a slight improvement. The third stock Q3 2024 is stabilized without any loss. It closed at CA$0.28 in the middle of August.
If you want to look into the 5 years, the return will be 81.13% and for the three years, 64.81%. So you should analyze the overall performance .
The Risk Factors
Before you decide to buy the stock from NEXE, you should be aware about certain risk factors in it. The very first thing is the unpredictability of fluctuating prices. You may already get this risk by reading the performance. It showed an average weekly movement of 14%, higher than the 3.4% industry average movement.
The second thing you should consider is the long term performance. If you analyze this in past years, it has declined by 25% and the price performance is also weaker. For confirming it, you can check and compare the other Canadian and packaging industries.
Similar Companies
Here are some companies in the packaging and containers sector that are similar to NEXE Innovations. These companies are also showing a very impressive performance just like the NEXE. If you are checking the best competitors, consider these companies.
- Good Natured Products Inc. (GDNP-H.V): The most prominent competent of NEXE stock. It is mostly focusing on the plant based and recyclable sustainable packaging solutions.
- Supremex Inc. (SXP.TO): This is one of the most prominent players focusing on North America. In the packaging sector, it comes up with a significant market cap.
- Karat Packaging Inc. (KRT): The company is mostly specialized in eco-friendly products that only have single use or disposable packaging products.
- Transcontinental Inc. (TCL-A.TO): A major name that is still appearing in competition with NEXE, that is popular in packaging and printing solutions.
Statistics of NEXE Stock
Already said about the performance and price range of NEXE stock in recent times. Now you should analyze all other statistics related to it. The very first thing is the monthly performance. As you know, the August month had 5.5% growth and if we compare the last three months, it dropped by almost 15%.
The next thing is the company loss. The NEXE is losing every quarter of 2024. But the only positive thing is the percentage of company loss is slightly decreasing in every quarter. It can be considered as a good sign.
Predictions for Future NEXE Stock
If you analyze the company’s growth, NEXE is a sustainable packaging company. It particularly focuses on the single serve coffee pod market. Nowadays people are starting to choose eco-friendly products and that seems like a chance in the future. Even though it faced so many fluctuations and losses, they are coming back with a high chance of success by decreasing their loss percentage in the last months.
But as an analyst predicted, the company is still not stabilized properly. The highly volatile stock may affect the overall stock price in positive or negative. It will completely depend on the business plan and strategies adopted by the company.
FAQs on nexe stock
Who is the owner of Nexe?
Mr. Ashvani Guglani is the owner and co-founder of NEXE.
Should I buy NXE stock?
If you are buying NEXE stock, remember it should depend on your investment goals and risk tolerance. The stock price is still fluctuating and facing loss in certain stages. Evaluate the latest performance and news, and consider asking expert advice from a financial advisor before making a decision.
Is NexGen profitable?
By analysis certain sites show that the NEXE stock is currently not profitable as expected. Also it is very risky to consider this now. Just look into the latest reports, the company is facing net income loss of CAD 7.37 million.