Yext Inc (NYSE:YEXT) finished Friday with an addition of $0.09 to close at $6.33, an upside of 1.44 percent. An average of 1,177,060 shares of common stock have been traded in the last five days. There was a gain of $0.10 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,700,235 shares traded, while the 50-day average volume stands at 1,239,486.
YEXT stock has decreased by -26.91% in the last month. The company shares reached their 1-month lowest point of $6.10 on 09/26/23. With the stock rallying to its 52-week high on 06/07/23, shares of the company touched a low of $4.03 and a high of $14.35 in 52 weeks. It has reached a new high 16 times so far this year and lost -3.06% or -$0.20 in price. In spite of this, the price is down -55.89% 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 8 days ago on Sep 22. In this transaction, the insider spent $93,012. General Counsel, Shin Ho, disposed of 6,000 shares at a price of $10.27 on Jul 07. The insider now owns more than $61,645 worth of shares. Prior to that, Director Distelburger Brian went on to Sale 45,625 shares at $6.13 each on Dec 27. An amount of $279,595 was transacted.
Valuation Metrics
Yext Inc (YEXT) stock’s beta is 1.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.95, the price-to-book (PB) ratio at 5.68, and the price-to-cash flow ratio at 15.36.
Financial Health
The quick ratio of Yext Inc for the three months ended July 30 was 1.22, and the current ratio was 1.22, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.68 and a total debt to equity ratio of 0.81 for the quarter ending July 30. Its gross profit as reported stood at $296.89 million compared to revenue of $400.85 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$3.44 million in the quarter, while revenues were shrunk -481.1%. The analyst consensus anticipated Yext Inc’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.06, a 0.00% surprise. For the quarter, EBITDA amounted to $2.51 million. Shareholders own equity worth $124.48 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 29 September was 34.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.06%.
As of today, YEXT’s price is $6.23 +1.61% or $0.10 from its 5-day moving average. YEXT is currently trading -27.74% lower than its 20-day SMA and -19.47% lower than its 100-day SMA. However, the stock’s current price level is -35.21% below the SMA50 and -2.16% below the SMA200.
The stochastic %K and %D were 21.29% and 12.95%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 31.72% and the average true range at 0.27, the RSI (14) stands at 30.89%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.02.
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”.
