The stock of Netstreit Corp (NTST) has gone up by 1.98% for the week, with a -0.06% drop in the past month and a -3.56% drop in the past quarter. The volatility ratio for the week is 2.68%, and the volatility levels for the past 30 days are 2.70% for NTST. The simple moving average for the past 20 days is 1.72% for NTST’s stock, with a -4.51% simple moving average for the past 200 days.
Is It Worth Investing in Netstreit Corp (NYSE: NTST) Right Now?
Moreover, the 36-month beta value for NTST is 0.95. Analysts have varying opinions on the stock, with 9 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 81.15M and currently, short sellers hold a 7.03% of that float. On November 20, 2024, NTST’s average trading volume was 1.05M shares.
NTST) stock’s latest price update
The stock of Netstreit Corp (NYSE: NTST) has increased by 0.31 when compared to last closing price of 15.94. Despite this, the company has experienced a 1.98% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that NETSTREIT’s Q3 earnings showed growth in revenue and portfolio, but the REIT continues to underperform compared to top sector peers. Portfolio quality issues, particularly high exposure to dollar stores and drug stores, pose significant risks to NTST’s credit quality and diversification goals. Despite strengths like no near-term debt maturities and high-rated tenants, NTST’s concentrated portfolio makes it an unattractive acquisition target and limits valuation expansion.
Analysts’ Opinion of NTST
Many brokerage firms have already submitted their reports for NTST stocks, with Scotiabank repeating the rating for NTST by listing it as a “Sector Outperform.” The predicted price for NTST in the upcoming period, according to Scotiabank is $18 based on the research report published on November 11, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see NTST reach a price target of $19. The rating they have provided for NTST stocks is “Buy” according to the report published on October 14th, 2024.
Raymond James gave a rating of “Strong Buy” to NTST, setting the target price at $19 in the report published on August 21st of the current year.
NTST Trading at -0.33% 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 -15.71% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares sank -0.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.61% lower at present.
During the last 5 trading sessions, NTST rose by +1.85%, which changed the moving average for the period of 200-days by -11.03% in comparison to the 20-day moving average, which settled at $15.72. In addition, Netstreit Corp saw -10.42% 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 -0.36, with -0.23 for asset returns.
Based on Netstreit Corp (NTST), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 1.12.
Currently, EBITDA for the company is 94.67 million with net debt to EBITDA at 6.95. When we switch over and look at the enterprise to sales, we see a ratio of 13.56. The receivables turnover for the company is 0.92for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To wrap up, the performance of Netstreit Corp (NTST) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
