NETSTREIT Corp. [NYSE: NTST] jumped around 0.08 points on Thursday, while shares priced at $16.83 at the close of the session, up 0.48%. The company report on July 26, 2023 at 4:05 PM that NETSTREIT Reports Second Quarter 2023 Financial and Operating Results.
– Net loss of $(0.01) and Adjusted Funds from Operations (“AFFO”) of $0.30 Per Diluted Share –.
NETSTREIT Corp. stock is now -8.18% down from its year-to-date (YTD) trading value. NTST Stock saw the intraday high of $17.01 and lowest of $16.80 per share. The company’s 52-week high price is 20.64, which means current price is +0.57% above from all time high which was touched on 02/02/23.
Compared to the average trading volume of 637.04K shares, NTST reached a trading volume of 8286994 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about NETSTREIT Corp. [NTST]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTST shares is $20.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTST stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for NETSTREIT Corp. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 06, 2023.
The Average True Range (ATR) for NETSTREIT Corp. is set at 0.29, with the Price to Sales ratio for NTST stock in the period of the last 12 months amounting to 9.97. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.20.
How has NTST stock performed recently?
NETSTREIT Corp. [NTST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.88. With this latest performance, NTST shares dropped by -3.00% in over the last four-week period, additionally sinking by -9.47% over the last 6 months – not to mention a drop of -14.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTST stock in for the last two-week period is set at 41.83, with the RSI for the last a single of trading hit 41.31, and the three-weeks RSI is set at 42.79 for NETSTREIT Corp. [NTST]. The present Moving Average for the last 50 days of trading for this stock 17.42, while it was recorded at 16.88 for the last single week of trading, and 18.38 for the last 200 days.
Earnings analysis for NETSTREIT Corp. [NTST]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NTST. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NETSTREIT Corp. go to 7.40%.
Insider trade positions for NETSTREIT Corp. [NTST]
The top three institutional holders of NTST stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in NTST stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in NTST stock with ownership which is approximately 5.7381%.