Alert: Negative Investment/Fundamental Signals (9/6/24)-Nexstar Media Group Inc. (NASDAQ: NXST)

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Nexstar Media Group Inc. (NASDAQ: NXST). Meaningful negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Significant negative changes in investment behavior have recently occurred for Nexstar Media Group Inc. (NASDAQ: NXST): the stock’s recent price decline challenged its longer term uptrend.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

NXST’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Nexstar Media Group has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Nexstar Media Group has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 34, triggering the Negative Value Trend Rating.

Recent Price Action

Nexstar Media Group Inc. (NASDAQ: NXST) stock declined slightly by -0.8% on 9/6/24. The stock closed at $161.45. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has declined -4.7% during the last week.

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