Nexstar Media Group Inc. (NXST): A Technical View

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As of Wednesday close, Nexstar Media Group Inc.’s (NASDAQ:NXST) stock was up $1.1, moving up 0.64 percent to $174.14. The average number of shares traded per day over the past five days has been 300,020 shares. 4 times new highs have been achieved over the past 5 days, with a $5.07 gain in that time frame. In the last twenty days, the average volume was 549,340, while in the previous 50 days, it was 424,074.

Since last month, NXST stock retreated -8.91%. Shares of the company fell to $152.29 on 11/04/22, the lowest level in the past month. A 52-week high of $204.62 was reached on 08/11/22 after having rallying from a 52-week low of $139.69. Since the beginning of this year, NXST’s stock price has risen by 15.34% or $23.16, and marked a new high 18 times. However, the stock has declined by -14.90% since its 52-week high.


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NXST stock investors should be aware that Nexstar Media Group Inc. (NXST) stock had its last reported insider trading activity 3 days ago on Nov 21. Carter Thomas, the President and COO of the company, disposed of 2,763 shares for $171.66 on Nov 21. It resulted in a $474,294 divestment by the insider. Carter Thomas sold 12,500 shares at an average price of $172.84 on Nov 15. The insider now owns 82,815 shares following the transaction. On Sep 27, President and COO Carter Thomas sold 9,737 shares at $171.91 apiece. The transaction was valued at $1,673,845.

Valuation Metrics

Right now, Nexstar Media Group Inc. (NXST) has a P/E ratio of about 6.95. The stock’s beta is 1.42. Besides these, the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 2.31, and the price-to-cash flow ratio of 5.30 may also be considered.

The latest dividend of $0.90 per share was paid out, remained unchanged from last year’s $0.90. On Monday January 31 2022, a $0.20 dividend increase was announced.

Financial Health

In the three months ended June 29, Nexstar Media Group Inc.’s quick ratio stood at 1.80, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.41, and the total debt-to-equity ratio was 2.45. On the profitability front, the trailing twelve-month gross margin is 60.90% percent. In the year ended June 29, operating margins totaled 28.10%. Based on annual data, NXST earned $3.47 billion in gross profit and brought in $4.65 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.90%. Return on equity (ROE) for the past 12 months was 35.70%.

In Nexstar Media Group Inc.’s quarter-end financial report for June 29, it reported total debt of $7.05 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NXST’s revenue rose 8.83% to $1.25 billion during the quarter, while net income inched up to $1.27 billion. While analysts expected Nexstar Media Group Inc. to report $5.06 quarterly earnings, the actual figure was $5.56 per share, beating the consensus estimate by 9.90%. During the quarter, the company generated $500.7 million in EBITDA. The liabilities of Nexstar Media Group Inc. were 10.15 billion at the end of its most recent quarter ended June 29, and its total debt was $7.51 billion. The value of shareholders’ equity is $37.71 million.

Technical Picture

This quick technical analysis looks at Nexstar Media Group Inc.’s (NXST) price momentum. With a historical volatility rate of 19.44%, the RSI 9-day stood at 57.25% on 23 November.

With respect to its five-day moving average, the current Nexstar Media Group Inc. price is up by +3.00% percent or $5.07. At present, NXST shares trade -6.13% below its 20-day simple moving average and +5.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.93% below its SMA50 and -0.77% below its SMA200.

Stochastic coefficient K was 88.81% and Stochastic coefficient D was 79.40%, while ATR was 5.49. Given the Stochastic reading of 95.37% for the 14-day period, the RSI (14) reading has been calculated as 52.65%. As of today, the MACD Oscillator reading stands at 1.76, while the 14-day reading stands at 5.53.

Analyst Ratings

Nexstar Media Group Inc. downgraded its rating on Nexstar Media Group Inc. (NASDAQ: NXST) to an Equal weight in a note to investors on November 09, 2022. The analysts firm previously had an Overweight rating on the stock.Nexstar Media Group Inc. (NXST) has been rated Buy by analysts. According to 0 brokerage firms, NXST is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nexstar Media Group Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $225.00, the current consensus forecast for the stock is $175.00 – $237.00. Based on these forecasts, analysts predict Nexstar Media Group Inc. (NXST) will achieve an average price target of $216.25.

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