Last Week, NETSTREIT Corp. (NTST) Recorded A Gain Of $50.68


As of Wednesday close, NETSTREIT Corp.’s (NYSE:NTST) stock was down -$0.03, moving down -0.16 percent to $19.16. The average number of shares traded per day over the past five days has been 423,480 shares. 5 times new highs have been achieved over the past 5 days, with a $0.78 gain in that time frame. In the last twenty days, the average volume was 670,935, while in the previous 50 days, it was 830,066.

Since last month, NTST stock rose 4.99%. Shares of the company fell to $17.54 on 10/24/22, the lowest level in the past month. A 52-week high of $23.86 was reached on 01/13/22 after having rallying from a 52-week low of $17.07. Since the beginning of this year, NTST’s stock price has dropped by -16.33% or -$3.74, and marked a new high 5 times. However, the stock has declined by -19.70% since its 52-week high.

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NTST stock investors should be aware that NETSTREIT Corp. (NTST) stock had its last reported insider trading activity 259 days ago on Mar 10. Zeigler Robin McBride, the Director of the company, disposed of 1,563 shares for $21.36 on Mar 10. It resulted in a $33,386 divestment by the insider. Wittman Lori sold 1,482 shares at an average price of $21.36 on Mar 10. The insider now owns 6,454 shares following the transaction. On Mar 10, Director Everett Heidi sold 1,516 shares at $21.36 apiece. The transaction was valued at $32,382.

Valuation Metrics

Right now, NETSTREIT Corp. (NTST) has a P/E ratio of about 122.04. Besides these, the trailing price-to-sales (P/S) ratio of 12.09, the price-to-book (PB) ratio of 0.97, and the price-to-cash flow ratio of 84.61 may also be considered.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Monday November 2 2020, a $0.10 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.41, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 88.50% percent. In the year ended September 29, operating margins totaled 5.30%. Based on annual data, NTST earned $3.48 million in gross profit and brought in $59.14 million in revenue.

In NETSTREIT Corp.’s quarter-end financial report for September 29, it reported total debt of $7.9 million against cash and short-term investments of $46.41 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NTST’s revenue rose 100.0% to $22.63 million during the quarter, while net income inched up to $25.01 million. While analysts expected NETSTREIT Corp. to report $0.03 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $18.11 million in EBITDA. The value of shareholders’ equity is $54.88 million.

Technical Picture

This quick technical analysis looks at NETSTREIT Corp.’s (NTST) price momentum. With a historical volatility rate of 23.62%, the RSI 9-day stood at 64.88% on 23 November.

With respect to its five-day moving average, the current NETSTREIT Corp. price is up by +4.24% percent or $0.78. At present, NTST shares trade +5.04% above its 20-day simple moving average and +0.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.09% below its SMA50 and -11.91% below its SMA200.

Stochastic coefficient K was 77.22% and Stochastic coefficient D was 63.64%, while ATR was 0.54. Given the Stochastic reading of 75.95% for the 14-day period, the RSI (14) reading has been calculated as 59.74%. As of today, the MACD Oscillator reading stands at 0.47, while the 14-day reading stands at 0.51.

Analyst Ratings

NETSTREIT Corp. downgraded its rating on NETSTREIT Corp. (NYSE: NTST) to a Neutral in a note to investors on November 14, 2022. The analysts firm previously had a Buy rating on the stock.NETSTREIT Corp. (NTST) has been rated Buy by analysts. According to 0 brokerage firms, NTST is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate NETSTREIT Corp. stock as buy, with 8 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $20.00 – $32.00. Based on these forecasts, analysts predict NETSTREIT Corp. (NTST) will achieve an average price target of $22.84.


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