The stock of Netstreit Corp (NYSE: NTST) has increased by 3.84 when compared to last closing price of 15.09. Despite this, the company has experienced a 0.06% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-04 that Although the revenue and EPS for NETSTREIT (NTST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Netstreit Corp (NYSE: NTST) Right Now?
Netstreit Corp (NYSE: NTST) has a higher price-to-earnings ratio of 214.66x compared to its average ratio, The 36-month beta value for NTST is at 0.95. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 6 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
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The public float for NTST is 77.02M, and currently, shorts hold a 7.50% of that float. The average trading volume for NTST on November 05, 2024 was 1.12M shares.
NTST’s Market Performance
NTST’s stock has seen a 0.06% increase for the week, with a 1.03% rise in the past month and a 1.69% gain in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.04% for Netstreit Corp The simple moving average for the last 20 days is -1.21% for NTST stock, with a simple moving average of -7.15% for the last 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 -3.72% 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 -17.40% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +1.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.69% lower at present.
During the last 5 trading sessions, NTST remain unchanged, which changed the moving average for the period of 200-days by -15.40% in comparison to the 20-day moving average, which settled at $15.86. In addition, Netstreit Corp saw -12.21% 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:
- 0.22 for the present operating margin
- 0.68 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.
Currently, EBITDA for the company is 95.17 million with net debt to EBITDA at -0.31. When we switch over and look at the enterprise to sales, we see a ratio of 7.73. The receivables turnover for the company is 1.08for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In conclusion, Netstreit Corp (NTST) has had a better 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.
