Nexstar Broadcasting Group Stock Today
| NXST Stock | USD 163.11 2.10 1.30% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Nexstar Broadcasting is selling for under 163.11 as of the 24th of April 2024; that is 1.30 percent up since the beginning of the trading day. The stock's last reported lowest price was 160.64. Nexstar Broadcasting has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Nexstar Broadcasting Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of January 2024 and ending today, the 24th of April 2024. Click here to learn more.
Nexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. Nexstar Media Group, Inc. The company has 33.43 M outstanding shares of which 2.41 M shares are now shorted by private and institutional investors with about 5.16 trading days to cover. More on Nexstar Broadcasting Group
Moving against Nexstar Stock
| 0.43 | CNK | Cinemark Holdings Sell-off Trend | PairCorr |
Follow Valuation Odds of Bankruptcy
Financial Report 14th of May 2024
Nexstar Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nexstar Broadcasting's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nexstar Broadcasting or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | Perry Sook |
| Thematic Idea | Railroads (View all Themes) |
| Business Concentration | Communication, Entertainment, Communication Services, Railroads, Communication Services, Media, Entertainment, Communication Services (View all Sectors) |
Nexstar Broadcasting Group (NXST) is traded on NASDAQ Exchange in USA. It is located in 545 East John Carpenter Freeway, Irving, TX, United States, 75062 and employs 11,877 people. Nexstar Broadcasting is listed under Communication category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.38 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nexstar Broadcasting's market, we take the total number of its shares issued and multiply it by Nexstar Broadcasting's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nexstar Broadcasting conducts business under Media sector and is part of Communication Services industry. The entity has 33.43 M outstanding shares of which 2.41 M shares are now shorted by private and institutional investors with about 5.16 trading days to cover.
Nexstar Broadcasting Group currently holds about 276.4 M in cash with 999 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.12.
Check Nexstar Broadcasting Probability Of Bankruptcy
Ownership AllocationNexstar Broadcasting Group holds a total of 33.43 Million outstanding shares. The majority of Nexstar Broadcasting outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Nexstar Broadcasting Group to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Nexstar Broadcasting. Please pay attention to any change in the institutional holdings of Nexstar Broadcasting as this could imply that something significant has changed or is about to change at the company. Also note that almost one million three hundred thirty-seven thousand one hundred fourty invesors are currently shorting Nexstar Broadcasting expressing very little confidence in its future performance.
Check Nexstar Ownership Details
Nexstar Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Nexstar Broadcasting jumping above the current price in 90 days from now is about 73.28%. The Nexstar Broadcasting Group probability density function shows the probability of Nexstar Broadcasting stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Nexstar Broadcasting Group has a beta of -0.5331. This indicates as returns on the benchmark increase, returns on holding Nexstar Broadcasting are expected to decrease at a much lower rate. During a bear market, however, Nexstar Broadcasting Group is likely to outperform the market. Additionally, nexstar Broadcasting Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nexstar Broadcasting to move above the current price in 90 days from now is about 73.28 (This Nexstar Broadcasting Group probability density function shows the probability of Nexstar Stock to fall within a particular range of prices over 90 days) .
Nexstar Broadcasting Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nexstar Broadcasting market risk premium is the additional return an investor will receive from holding Nexstar Broadcasting long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nexstar Broadcasting. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nexstar Broadcasting's alpha and beta are two of the key measurements used to evaluate Nexstar Broadcasting's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 0.1856 |
Nexstar Stock Against Markets
Picking the right benchmark for Nexstar Broadcasting stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nexstar Broadcasting stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nexstar Broadcasting is critical whether you are bullish or bearish towards Nexstar Broadcasting Group at a given time. Please also check how Nexstar Broadcasting's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nexstar Broadcasting without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Analyst Advice Now
Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
Nexstar Broadcasting Corporate Directors
Nexstar Broadcasting corporate directors refer to members of a Nexstar Broadcasting board of directors. The board of directors generally takes responsibility for the Nexstar Broadcasting's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nexstar Broadcasting's board members must vote for the resolution. The Nexstar Broadcasting board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Dennis Miller | Independent Director | Profile | |
| Dennis FitzSimons | Director | Profile | |
| Jay Grossman | Director | Profile | |
| John Muse | Director | Profile |
How to buy Nexstar Stock?
Before investing in Nexstar Broadcasting, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nexstar Broadcasting. To buy Nexstar Broadcasting stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nexstar Broadcasting. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nexstar Broadcasting stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nexstar Broadcasting Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nexstar Broadcasting Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nexstar Broadcasting Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nexstar Stock please use our How to Invest in Nexstar Broadcasting guide.
Already Invested in Nexstar Broadcasting Group?
The danger of trading Nexstar Broadcasting Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nexstar Broadcasting is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nexstar Broadcasting. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nexstar Broadcasting is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nexstar Broadcasting is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nexstar Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nexstar Broadcasting Group Stock. Highlighted below are key reports to facilitate an investment decision about Nexstar Broadcasting Group Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexstar Broadcasting Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Nexstar Stock analysis
When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Equity Valuation Check real value of public entities based on technical and fundamental data |
Is Nexstar Broadcasting's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexstar Broadcasting. If investors know Nexstar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexstar Broadcasting listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nexstar Broadcasting is measured differently than its book value, which is the value of Nexstar that is recorded on the company's balance sheet. Investors also form their own opinion of Nexstar Broadcasting's value that differs from its market value or its book value, called intrinsic value, which is Nexstar Broadcasting's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexstar Broadcasting's market value can be influenced by many factors that don't directly affect Nexstar Broadcasting's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexstar Broadcasting's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexstar Broadcasting is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexstar Broadcasting's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.