Netstreit Corp (NYSE:NTST) shares, rose in value on Friday, March 07, with the stock price up by 1.61% to the previous day’s close as strong demand from buyers drove the stock to $15.17.
Actively observing the price movement in the last trading, the stock closed the session at $14.93. Referring to stock’s 52-week performance, its high was $18.97, and the low was $13.42. On the whole, NTST has fluctuated by 3.55% over the past month.
With the market capitalization of Netstreit Corp currently standing at about $1.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.83, with its dividend yield at 5.47%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 183.32M, with a low estimate of 43.31M and a high estimate of 45.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 44.23M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NTST’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of NTST currently trading nearly 4.68% and 5.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.09, while the 7-day volatility ratio is showing 2.10% which for the 30-day chart, stands at 2.47%. Furthermore, Netstreit Corp (NTST)’s beta value is 0.95, and its average true range (ATR) is 0.37.
A comparison of Netstreit Corp (NTST) with its peers suggests the former has fared considerably weaker in the market. NTST showed an intraday change of 1.61% in last session, and over the past year, it shrunk by -12.31%%.
Data on historical trading for Netstreit Corp (NYSE:NTST) indicates that the trading volumes over the past 3 months, they’ve averaged 810.51K. According to company’s latest data on outstanding shares, there are 81.60 million shares outstanding.
Nearly 1.73% of Netstreit Corp’s shares belong to company insiders and institutional investors own 115.93% of the company’s shares. The stock has risen by 7.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NTST stock heading into the next quarter.
