Nexstar Broadcasting Group Stock Probability of Future Stock Price Finishing Under 177.47

NXST Stock  USD 158.22  0.27  0.17%   
Nexstar Broadcasting's future price is the expected price of Nexstar Broadcasting instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Nexstar Broadcasting Group performance during a given time horizon utilizing its historical volatility. Check out Nexstar Broadcasting Backtesting, Nexstar Broadcasting Valuation, Nexstar Broadcasting Correlation, Nexstar Broadcasting Hype Analysis, Nexstar Broadcasting Volatility, Nexstar Broadcasting History as well as Nexstar Broadcasting Performance.
  
Price Earnings Ratio is likely to gain to 16.80 in 2024, whereas Price To Sales Ratio is likely to drop 0.93 in 2024. Please specify Nexstar Broadcasting's target price for which you would like Nexstar Broadcasting odds to be computed.

Nexstar Broadcasting Target Price Odds to finish below 177.47

The tendency of Nexstar Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay under $ 177.47  after 90 days
 158.22 90 days 177.47 
about 97.0
Based on a normal probability distribution, the odds of Nexstar Broadcasting to stay under $ 177.47  after 90 days from now is about 97.0 (This Nexstar Broadcasting Group probability density function shows the probability of Nexstar Stock to fall within a particular range of prices over 90 days) . Probability of Nexstar Broadcasting price to stay between its current price of $ 158.22  and $ 177.47  at the end of the 90-day period is more than 93.0 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.09 . This indicates Nexstar Broadcasting Group market returns are related to returns on the market. As the market goes up or down, Nexstar Broadcasting is expected to follow. Additionally Nexstar Broadcasting Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial.
   Nexstar Broadcasting Price Density   
       Price  

Predictive Modules for Nexstar Broadcasting

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nexstar Broadcasting. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Nexstar Broadcasting's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
155.53157.64159.75
Details
Intrinsic
Valuation
LowRealHigh
141.84188.60190.71
Details
10 Analysts
Consensus
LowTargetHigh
193.38212.50235.88
Details
Earnings
Estimates (0)
LowProjected EPSHigh
5.876.006.80
Details

Nexstar Broadcasting Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Nexstar Broadcasting is not an exception. The market had few large corrections towards the Nexstar Broadcasting's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nexstar Broadcasting Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nexstar Broadcasting within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
-0.08
β
Beta against Dow Jones1.09
σ
Overall volatility
5.27
Ir
Information ratio -0.04

Nexstar Broadcasting Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nexstar Broadcasting for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nexstar Broadcasting can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Nexstar Broadcasting generated a negative expected return over the last 90 days
Nexstar Broadcasting is unlikely to experience financial distress in the next 2 years
Over 96.0% of the company shares are owned by institutional investors
On 29th of November 2024 Nexstar Broadcasting paid $ 1.69 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Big Lots to lay off up to 555 employees as it prepares going-out-of-business sales

Nexstar Broadcasting Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nexstar Stock often depends not only on the future outlook of the current and potential Nexstar Broadcasting's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nexstar Broadcasting's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding35.8 M
Cash And Short Term Investments147 M

Nexstar Broadcasting Technical Analysis

Nexstar Broadcasting's future price can be derived by breaking down and analyzing its technical indicators over time. Nexstar Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nexstar Broadcasting Group. In general, you should focus on analyzing Nexstar Stock price patterns and their correlations with different microeconomic environments and drivers.

Nexstar Broadcasting Predictive Forecast Models

Nexstar Broadcasting's time-series forecasting models is one of many Nexstar Broadcasting's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nexstar Broadcasting's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Nexstar Broadcasting

Checking the ongoing alerts about Nexstar Broadcasting for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nexstar Broadcasting help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nexstar Broadcasting generated a negative expected return over the last 90 days
Nexstar Broadcasting is unlikely to experience financial distress in the next 2 years
Over 96.0% of the company shares are owned by institutional investors
On 29th of November 2024 Nexstar Broadcasting paid $ 1.69 per share dividend to its current shareholders
Latest headline from finance.yahoo.com: Big Lots to lay off up to 555 employees as it prepares going-out-of-business sales

Additional Tools for Nexstar Stock Analysis

When running Nexstar Broadcasting's price analysis, check to measure Nexstar Broadcasting's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nexstar Broadcasting is operating at the current time. Most of Nexstar Broadcasting's value examination focuses on studying past and present price action to predict the probability of Nexstar Broadcasting's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nexstar Broadcasting's price. Additionally, you may evaluate how the addition of Nexstar Broadcasting to your portfolios can decrease your overall portfolio volatility.