Netstreit Corp (NYSE: NTST)’s stock price has dropped by -4.45 in relation to previous closing price of 16.18. Nevertheless, the company has seen a loss of -7.70% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-30 that NETSTREIT Corp. (NYSE:NTST ) Q2 2024 Earnings Call Transcript July 30, 2024 11:00 AM ET Company Participants Amy An – IR Mark Manheimer – CEO Dan Donlan – CFO Conference Call Participants Wes Golladay – Baird Smedes Rose – Citi Ravi Vaidya – Mizuho Greg McGinniss – Scotiabank Upal Rana – KeyBanc Capital Markets Farrell Granath – Bank of America Ki Bin Kim – Truist Securities Operator Greetings and welcome to the NETSTREIT Corp. Second Quarter 2024 Earnings Call. At this time, all participants are in the listen-only mode.
Is It Worth Investing in Netstreit Corp (NYSE: NTST) Right Now?
Netstreit Corp (NYSE: NTST) has a higher price-to-earnings ratio of 211.78x compared to its average ratio, The 36-month beta value for NTST is at 0.94. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NTST is 77.01M, and currently, shorts hold a 12.35% of that float. The average trading volume for NTST on August 06, 2024 was 744.07K shares.
NTST’s Market Performance
The stock of Netstreit Corp (NTST) has seen a -7.70% decrease in the past week, with a -4.03% drop in the past month, and a -10.94% fall in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 2.32% for NTST. The simple moving average for the past 20 days is -7.37% for NTST’s stock, with a -8.63% simple moving average for the past 200 days.
Analysts’ Opinion of NTST
Wolfe Research, on the other hand, stated in their research note that they expect to see NTST reach a price target of $22. The rating they have provided for NTST stocks is “Outperform” according to the report published on January 02nd, 2024.
Exane BNP Paribas gave a rating of “Neutral” to NTST, setting the target price at $17 in the report published on December 13th of the previous year.
NTST Trading at -7.91% from the 50-Day Moving Average
After a stumble in the market that brought NTST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.50% of loss for the given period.
Volatility was left at 2.32%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares sank -2.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.90% lower at present.
During the last 5 trading sessions, NTST fell by -7.70%, which changed the moving average for the period of 200-days by +3.97% in comparison to the 20-day moving average, which settled at $16.67. In addition, Netstreit Corp saw -13.39% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NTST starting from Minnis Todd, who sale 6,250 shares at the price of $17.86 back on May 16 ’24. After this action, Minnis Todd now owns 10,359 shares of Netstreit Corp, valued at $111,625 using the latest closing price.
Donlan Daniel P, the CFO and Treasurer of Netstreit Corp, purchase 1,300 shares at $16.92 during a trade that took place back on Sep 11 ’23, which means that Donlan Daniel P is holding 2,600 shares at $21,996 based on the most recent closing price.
Stock Fundamentals for NTST
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.66 for the gross margin
The net margin for Netstreit Corp stands at 0.03. The total capital return value is set at 0.02. Equity return is now at value 0.39, with 0.26 for asset returns.
Based on Netstreit Corp (NTST), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.56. The interest coverage ratio of the stock is 22.44.
Currently, EBITDA for the company is 95.17 million with net debt to EBITDA at 7.33. When we switch over and look at the enterprise to sales, we see a ratio of 13.29. The receivables turnover for the company is 0.95for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In conclusion, Netstreit Corp (NTST) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
