Is This Stock a Screaming Buy: Nexstar Broadcasting Group, Inc. (NASDAQ:NXST)

Equity Research firms currently have a positive stance on shares of Nexstar Broadcasting Group, Inc. (NASDAQ:NXST). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $66.50 on a short term basis.

At the time of writing, the stock was trading at $58.56. This represents a change from the opening price of -0.43%. In terms of performance, year to date, the stock is 1.34%. The monthly stock performance comes in at 7.89%. For the quarter, shares are performing at 15.13%. Weekly performance analysis shows the equity at 5.59%.

In taking a look at technical levels, shares are trading 9.77% away from the 50 day simple moving average and 18.24% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -3.71% away from it’s 52- week high and 70.87% 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, Nexstar Broadcasting Group, Inc.’s RSI stands at 72.27. In looking at volatility levels, the shares saw weekly volatility of 2.69% and 2.55% over the past month.

Leave a Comment