While Nexstar Media Group Inc has overperformed by 1.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NXST rose by 29.67%, with highs and lows ranging from $223.36 to $141.66, whereas the simple moving average jumped by 21.46% in the last 200 days.
On February 28, 2025, Loop Capital Upgraded Nexstar Media Group Inc (NASDAQ: NXST) to Buy. A report published by Loop Capital on November 08, 2024, Downgraded its rating to ‘Hold’ for NXST. Wells Fargo also Upgraded NXST shares as ‘Overweight’, setting a target price of $221 on the company’s shares in a report dated May 13, 2024. Citigroup Initiated an Neutral rating on December 08, 2023, and assigned a price target of $158. Wells Fargo November 09, 2022d its ‘Overweight’ rating to ‘Equal Weight’ for NXST, as published in its report on November 09, 2022. Rosenblatt’s report from September 06, 2022 suggests a price prediction of $246 for NXST shares, giving the stock a ‘Buy’ rating. Rosenblatt also rated the stock as ‘Neutral’.
Analysis of Nexstar Media Group Inc (NXST)
With NXST’s current dividend of $7.27 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -3.15%, showing a negative trend in the upcoming months.
Nexstar Media Group Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 27.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and NXST has an average volume of 331.53K. On a monthly basis, the volatility of the stock is set at 3.38%, whereas on a weekly basis, it is put at 4.30%, with a loss of -3.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $237.12, showing growth from the present price of $204.84, which can serve as yet another indication of whether NXST is worth investing in or should be passed over.
How Do You Analyze Nexstar Media Group Inc Shares?
Broadcasting giant Nexstar Media Group Inc (NXST) is based in the USA and is one of the largest companies in the market. When comparing Nexstar Media Group Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.33, there is a growth in quarterly earnings of -14.02%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.48%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 102.05% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
