Yext Inc. (NYSE:YEXT) finished Friday with a subtraction of -$0.21 to close at $8.31, a downside of -2.46 percent. An average of 847,420 shares of common stock have been traded in the last five days. There was a fall of -$0.20 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 946,135 shares traded, while the 50-day average volume stands at 1,373,610.
YEXT stock has decreased by -9.28% in the last month. The company shares reached their 1-month lowest point of $8.31 on 08/25/23. With the stock rallying to its 52-week high on 06/07/23, shares of the company touched a low of $4.00 and a high of $14.35 in 52 weeks. It has reached a new high 16 times so far this year and achieved 27.26% or $1.78 in price. In spite of this, the price is down -42.09% from the 52-week high.
Insider Transactions
YEXT stock investors should be aware that Yext Inc. (YEXT) stock had its last reported insider trading activity 50 days ago on Jul 07. In this transaction, the insider spent $61,645. Director, Distelburger Brian, disposed of 45,625 shares at a price of $6.13 on Dec 27. The insider now owns more than $279,595 worth of shares. Prior to that, Director Distelburger Brian went on to Sale 22,800 shares at $6.13 each on Dec 23. An amount of $139,844 was transacted.
Valuation Metrics
Yext Inc. (YEXT) stock’s beta is 1.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.59, the price-to-book (PB) ratio at 7.29, and the price-to-cash flow ratio at 49.13.
Financial Health
The quick ratio of Yext Inc. for the three months ended April 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Yext Inc.’s EBITDA margin for the year ending April 29 is -9.59%, while its operating margin for the same period stands at -10.10%. Its gross profit as reported stood at $296.89 million compared to revenue of $400.85 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Yext Inc.’s return on assets was -8.30%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$0.41 million in the quarter, while revenues of -$35.12 million were shrunk -6202.44%. The analyst consensus anticipated Yext Inc.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.09, a 80.00% surprise. For the quarter, EBITDA amounted to $5.73 million. Shareholders own equity worth $124.03 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Yext Inc. (YEXT) price momentum. RSI 9-day as of the close on 25 August was 22.53%, suggesting the stock is oversold, with historical volatility in this time frame at 15.32%.
As of today, YEXT’s price is $8.46 -2.35% or -$0.20 from its 5-day moving average. YEXT is currently trading -9.87% lower than its 20-day SMA and -10.55% lower than its 100-day SMA. However, the stock’s current price level is -36.76% below the SMA50 and +58.59% above the SMA200.
The stochastic %K and %D were 6.04% and 7.19%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 0.52% and the average true range at 0.30, the RSI (14) stands at 29.17%. The stock has reached -0.10 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.
Analyst Ratings
B. Riley Securities launched coverage on Yext Inc. (NYSE: YEXT) in its analyst report released on June 28, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Yext Inc. (YEXT) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell YEXT, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is YEXT’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $12.50, with a median target of $11.50. Taking a look at these predictions, the average price target given by analysts for Yext Inc. (YEXT) stock is $11.67.
