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Friday, September 29, 2023

The Question Is Whether To Buy Or Not To Buy Nexstar Media Group Inc. (NASDAQ: NXST)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Nexstar Media Group Inc. (NXST) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $147.25. The Nexstar Media Group Inc. has recorded 19,984 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Nexstar Media Charitable Foundation Donates $50,000 to Feeding America to Commemorate September as “Hunger Action Month”.

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Stocks Info

Nexstar Media Group Inc. is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Entertainment industry. At the end of the last regular session, the stock closed at $147.25 and fluctuated between $148.02 as its day high and $142.52 as its day low. The current market capitalization of Nexstar Media Group Inc. is $5.16B. A total of 0.96 million shares were traded on the day, compared to an average of 363.63K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NXST has seen 3 BUY and 5 SELL insider trades, representing the acquisition of 66,250 and the disposition of 33,876 shares. Over the last 12 months, there were 75 BUYs and 62 SELLs from insiders. Insiders purchased 431,124 shares during that period but sold 242,110.

In the most recent transaction, Carter Thomas sold 5,000 shares of NXST for 165.50 per share on Aug 31. After the transaction, the Senior Advisor now owns 76,920 company shares. In a previous transaction on Aug 15, Gliha Lee Ann sold 910 shares at 160.03 per share. NXST shares that EVP, Chief Financial Officer owns now total 4,476.

Among the insiders who sold shares, Morgan Rachel disposed of 937 shares on Jun 28 at a per-share price of $163.77. This resulted in the EVP General Counsel holding 2,813 shares of NXST after the transaction. In another insider transaction, Russell Blake sold 3,000 shares at $167.89 per share on Jun 27. Company shares held by the EVP, Station Operations now total 27,897.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Nexstar Media Group Inc. pays an annual dividend of $5.40, resulting in a dividend yield of 3.67%, and it has a price to earnings (P/E) ratio of 8.08. NXST’s most recent ex-dividend date was 8/9/2023 when it declared a $1.35 quarterly dividend that was paid in cash on 8/24/2023. Previously, the company paid the dividend on 5/26/2023 with an ex-dividend date of 5/11/2023. The NXST stock dividend was $1.35 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NXST in the last 3 months, the mean price target is $212.78 with high estimates of $235.00 and low estimates of $175.00. In terms of 52-week highs and lows, NXST has a high of $217.76 and a low of $133.09.

As of this writing, NXST has an earnings estimate of $1.56 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.96 per share and a lower estimate of $1.26. The company reported an EPS of $2.97 in the last quarter, which was 11.20% higher than expectations of $2.67.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NXST’s latest balance sheet shows that the firm has $190.87M in Cash & Short Term Investments as of fiscal 2021. There were $7.46B in debt and $787.29M in liabilities at the time. Its Book Value Per Share was $71.06, while its Total Shareholder’s Equity was $2.86B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NXST is Buy with a score of 4.67.

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