Is This Stock a Screaming Buy: Nelnet, Inc. (NYSE:NNI)

Equity Research firms currently have a positive stance on shares of Nelnet, Inc. (NYSE:NNI). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $46.00 on a short term basis.

At the time of writing, the stock was trading at $40.15. This represents a change from the opening price of 0.05%. In terms of performance, year to date, the stock is 21.00%. The monthly stock performance comes in at 6.01%. For the quarter, shares are performing at 12.58%. Weekly performance analysis shows the equity at 1.16%.

In taking a look at technical levels, shares are trading 7.71% away from the 50 day simple moving average and 10.57% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -5.22% away from it’s 52- week high and 45.89% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Nelnet, Inc.’s RSI stands at 66.09. In looking at volatility levels, the shares saw weekly volatility of 2.15% and 2.28% over the past month.

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