The stock of Nexxen International Ltd. ADR (NEXN) has seen a -5.32% decrease in the past week, with a -13.63% drop in the past month, and a 3.89% flourish in the past quarter. The volatility ratio for the week is 3.12%, and the volatility levels for the past 30 days are at 3.19% for NEXN. The simple moving average for the last 20 days is -5.75% for NEXN stock, with a simple moving average of 16.61% for the last 200 days.
Is It Worth Investing in Nexxen International Ltd. ADR (NASDAQ: NEXN) Right Now?
Additionally, the 36-month beta value for NEXN is 1.83. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NEXN is 66.33M and currently, short sellers hold a 0.09% ratio of that float. The average trading volume of NEXN on November 15, 2024 was 69.65K shares.
NEXN) stock’s latest price update
The stock price of Nexxen International Ltd. ADR (NASDAQ: NEXN) has plunged by -2.48 when compared to previous closing price of 7.67, but the company has seen a -5.32% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-15 that Generated 12% year-over-year Contribution ex-TAC growth in Q3 2024, fueled by record Q3 CTV revenue which increased 5 2 % year-over-year
Analysts’ Opinion of NEXN
Many brokerage firms have already submitted their reports for NEXN stocks, with Stifel repeating the rating for NEXN by listing it as a “Hold.” The predicted price for NEXN in the upcoming period, according to Stifel is $6 based on the research report published on April 24, 2023 of the previous year 2023.
Lake Street, on the other hand, stated in their research note that they expect to see NEXN reach a price target of $12. The rating they have provided for NEXN stocks is “Buy” according to the report published on January 30th, 2023.
NEXN Trading at -4.80% from the 50-Day Moving Average
After a stumble in the market that brought NEXN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.92% of loss for the given period.
Volatility was left at 3.19%, however, over the last 30 days, the volatility rate increased by 3.12%, as shares sank -7.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.13% upper at present.
During the last 5 trading sessions, NEXN fell by -4.56%, which changed the moving average for the period of 200-days by +54.83% in comparison to the 20-day moving average, which settled at $7.94. In addition, Nexxen International Ltd. ADR saw 47.83% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEXN starting from Carmi Yaniv, who proposed sale 41,250 shares at the price of $7.20 back on Aug 19 ’24. After this action, Carmi Yaniv now owns shares of Nexxen International Ltd. ADR, valued at $297,000 using the latest closing price.
Druker Ofer, the Officer of Nexxen International Ltd. ADR, proposed sale 104,719 shares at $7.20 during a trade that took place back on Aug 19 ’24, which means that Druker Ofer is holding shares at $753,977 based on the most recent closing price.
Stock Fundamentals for NEXN
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.73 for the gross margin
The net margin for Nexxen International Ltd. ADR stands at -0.01. The total capital return value is set at 0.01. Equity return is now at value -0.36, with -0.23 for asset returns.
Based on Nexxen International Ltd. ADR (NEXN), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 8.89. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 0.73.
Currently, EBITDA for the company is 69.5 million with net debt to EBITDA at -1.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 1.67for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.47.
Conclusion
In conclusion, Nexxen International Ltd. ADR (NEXN) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
