The stock of Netstreit Corp (NYSE: NTST) has increased by 0.08 when compared to last closing price of 16.00. Despite this, the company has experienced a -4.23% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-16 that Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the office sector remained the most-shorted at 5.3% of shares outstanding. Wheeler Real Estate Investment Trust logged the largest increase in short interest, up 16 percentage points to 32.4% of shares outstanding.
Is It Worth Investing in Netstreit Corp (NYSE: NTST) Right Now?
Netstreit Corp (NYSE: NTST) has a higher price-to-earnings ratio of 219.36x compared to its average ratio. NTST has 36-month beta value of 0.94. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 6 as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for NTST is 77.02M, and currently, short sellers hold a 7.35% ratio of that float. The average trading volume of NTST on October 23, 2024 was 1.14M shares.
NTST’s Market Performance
The stock of Netstreit Corp (NTST) has seen a -4.23% decrease in the past week, with a -1.64% drop in the past month, and a -4.23% fall in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 1.91% for NTST. The simple moving average for the past 20 days is -0.43% for NTST’s stock, with a -5.84% simple moving average for the past 200 days.
Analysts’ Opinion of NTST
Many brokerage firms have already submitted their reports for NTST stocks, with UBS repeating the rating for NTST by listing it as a “Buy.” The predicted price for NTST in the upcoming period, according to UBS is $19 based on the research report published on October 14, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see NTST reach a price target of $19, previously predicting the price at $20. The rating they have provided for NTST stocks is “Strong Buy” according to the report published on August 21st, 2024.
NTST Trading at -2.54% 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 -15.59% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -2.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.30% upper at present.
During the last 5 trading sessions, NTST fell by -4.31%, which changed the moving average for the period of 200-days by -12.52% in comparison to the 20-day moving average, which settled at $16.08. In addition, Netstreit Corp saw -10.29% 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 Donlan Daniel P, who purchase 1,200 shares at the price of $16.20 back on Aug 19 ’24. After this action, Donlan Daniel P now owns 10,910 shares of Netstreit Corp, valued at $19,440 using the latest closing price.
Minnis Todd, the Director of Netstreit Corp, sale 6,250 shares at $17.86 during a trade that took place back on May 16 ’24, which means that Minnis Todd is holding 10,359 shares at $111,625 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 2.21.
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 13.59. The receivables turnover for the company is 0.95for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To put it simply, Netstreit Corp (NTST) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
