Yext Inc (YEXT) stock expected to rise by 33.78%: What’s driving the optimism?

A share price of Yext Inc [YEXT] is currently trading at $5.98, up 1.01%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The YEXT shares have gain 1.87% over the last week, with a monthly amount glided 0.84%, and seem to be holding up well over a long-time horizon.

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On 21, February 2024, Yext to Announce Fourth Quarter and Fiscal Year 2024 Financial Results on March 6, 2024. In a post published today on Yahoo Finance, Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, today announced that its fourth quarter and full fiscal year 2024 results will be released on Wednesday, March 6, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. (ET) / 2:00 p.m. (PT) to discuss its financial results with the investment community.

From an analyst’s perspective:

Yext Inc [NYSE: YEXT] stock has seen the most recent analyst activity on June 28, 2023, when B. Riley Securities initiated its Neutral rating and assigned the stock a price target of $11. Previously, ROTH MKM upgraded its rating to Buy on June 07, 2023, and elevated its price target to $12.80. On March 09, 2022, downgrade downgraded it’s rating to Hold and revised its price target to $6 on the stock. Needham downgraded its rating to a Hold. DA Davidson downgraded its rating to a Neutral and reduced its price target to $5.25 on March 09, 2022. William Blair downgraded its rating to Mkt Perform for this stock on March 04, 2021. In a note dated June 25, 2020, MKM Partners initiated an Buy rating and provided a target price of $25 on this stock.

Yext Inc experienced fluctuations in its stock price throughout the past year between $5.29 and $14.35. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. Yext Inc [NYSE: YEXT] shares were valued at $5.98 at the most recent close of the market. An investor can expect a potential return of 33.78% based on the average YEXT price forecast.

Analyzing the YEXT fundamentals

Trailing Twelve Months sales for Yext Inc [NYSE:YEXT] were 405.11M which represents 1.90% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.09 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.85 points at the first support level, and at 5.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.08, and for the 2nd resistance point, it is at 6.19.

Yext Inc [YEXT] reported earnings per share of $0.09 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.07/share, meaning a difference of $0.02 and a surprise factor of 28.60%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.06 per share as compared to estimates of $0.06 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Yext Inc [NYSE:YEXT] is 1.26. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.91. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 5.44.

Transactions by insiders

Recent insider trading involved Shin Ho, General Counsel, that happened on Sep 22 when 15000.0 shares were sold. General Counsel, Shin Ho completed a deal on Jul 07 to sell 6000.0 shares.

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