Netstreit Corp (NTST) stock expected to rise by 44.48%: What’s driving the optimism?

A share price of Netstreit Corp [NTST] is currently trading at $16.30, up 1.81%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NTST shares have gain 5.57% over the last week, with a monthly amount drifted -4.00%, 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 October 14, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $19. Previously, Raymond James upgraded its rating to Strong Buy on August 21, 2024, and dropped its price target to $19. On August 19, 2024, Wedbush initiated with a Neutral rating. KeyBanc Capital Markets upgraded its rating to a Sector Weight. Wolfe Research upgraded its rating to a Outperform but $22 remained the price target by the analyst firm on January 02, 2024. Exane BNP Paribas downgraded its rating to Neutral for this stock on December 13, 2023, but kept the price target unchanged to $17. In a note dated December 11, 2023, Mizuho upgraded an Buy rating on this stock and boosted its target price from $15 to $18.

Netstreit Corp experienced fluctuations in its stock price throughout the past year between $13.49 and $18.97. Currently, Wall Street analysts expect the stock to reach $23.55 within the next 12 months. Netstreit Corp [NYSE: NTST] shares were valued at $16.30 at the most recent close of the market. An investor can expect a potential return of 44.48% based on the average NTST price forecast.

Analyzing the NTST fundamentals

Trailing Twelve Months sales for Netstreit Corp [NYSE:NTST] were 148.84M which represents 24.93% growth. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.56.

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 16.05 points at the first support level, and at 15.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.50, and for the 2nd resistance point, it is at 16.71.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.47, the price to book ratio is 0.96 and price to earnings (TTM) ratio is 223.29.

Transactions by insiders

Recent insider trading involved Donlan Daniel P, CFO and Treasurer, that happened on Aug 19 ’24 when 1200.0 shares were purchased. Director, Minnis Todd completed a deal on May 16 ’24 to sell 6250.0 shares.

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