It’s still a bull thesis, just subverted: Netstreit Corp (NTST)

Netstreit Corp [NTST] stock prices are up 1.90% to $16.05 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NTST shares have gain 4.29% over the last week, with a monthly amount drifted -6.79%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Netstreit Corp [NYSE: NTST] stock has seen the most recent analyst activity on February 01, 2024, when KeyBanc Capital Markets upgraded its rating to a Sector Weight. Previously, Wolfe Research upgraded its rating to Outperform on January 02, 2024, and kept the price target unchanged to $22. On December 13, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $17 on the stock. Mizuho upgraded its rating to a Buy and increased its price target to $18 on December 11, 2023. Mizuho initiated its recommendation with a Neutral and recommended $15 as its price target on October 19, 2023. KeyBanc Capital Markets downgraded its rating to Underweight for this stock on October 12, 2023, but kept the price target unchanged to $13. In a note dated October 10, 2023, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $20 to $15.

The stock price of Netstreit Corp [NTST] has been fluctuating between $13.49 and $18.97 over the past year. Currently, Wall Street analysts expect the stock to reach $16.88 within the next 12 months. Netstreit Corp [NYSE: NTST] shares were valued at $16.05 at the most recent close of the market. An investor can expect a potential return of 5.17% based on the average NTST price forecast.

Analyzing the NTST fundamentals

The Netstreit Corp [NYSE:NTST] reported sales of 148.84M for trailing twelve months, representing a surge of 24.93%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.

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 15.92 points at the first support level, and at 15.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.15, and for the 2nd resistance point, it is at 16.24.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.34, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 219.86.

Transactions by insiders

Recent insider trading involved Minnis Todd, Director, that happened on May 16 ’24 when 6250.0 shares were sold. CFO and Treasurer, Donlan Daniel P completed a deal on Sep 11 ’23 to buy 1300.0 shares.

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