Yext Inc (NYSE:YEXT) price on Friday, February 28, rose 6.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.80.
A look at the stock’s price movement, the close in the last trading session was $6.37. Turning to its 52-week performance, $8.75 and $4.29 were the 52-week high and 52-week low respectively. Overall, YEXT moved -0.15% over the past month.
Yext Inc’s market cap currently stands at around $867.83 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 112.77M for the company’s revenue for the quarter, with a low and high estimate of 112.65M and 112.85M respectively. The average forecast suggests up to a 11.54% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 420.65M, representing a 4.04% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that YEXT is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 7 analyst(s) rate the stock as a Hold, 9 recommend YEXT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
YEXT’s current price about 3.05% and 4.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.37, while 7-day volatility ratio is 3.97% and 3.34% in the 30-day chart. Further, Yext Inc (YEXT) has a beta value of 1.34, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $7.5 and high of $10.5. Looking at the price targets, the low is -10.29% off current price level while to achieve the yearly target high, price needs to move -54.41%. Nonetheless, investors will most likely welcome a -17.65% jump to $8 which is the analysts’ median price.
If we refocus on Yext Inc (NYSE:YEXT), historical trading data shows that trading volumes averaged 859.36K over the past 3 months. The company’s latest data on shares outstanding shows there are 128.01 million shares.
The 18.46% of Yext Inc’s shares are in the hands of company insiders while institutional holders own 65.46% of the company’s shares. Current price change has pushed the stock 6.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the YEXT stock continues to rise going into the next quarter.
