(NXST) Nexstar Broadcasting - Ratings and Ratios

Nexstar Media Group, Inc. is a diversified media company that has established itself as a significant player in the US television and digital media landscape. The company produces and distributes a wide range of content, including local and national news, sports, and entertainment, across various platforms. With a strong presence in the US broadcasting industry, Nexstar owns, operates, and provides services to numerous television and radio stations, as well as digital multicast networks.

The companys diverse revenue streams are derived from various sources, including video and display advertising, digital media solutions, and consumer product reviews. Additionally, Nexstar owns and operates several notable digital assets, such as NewsNation, a national cable news network, and WGN-AM, a Chicago radio station. The companys digital presence is further enhanced by its ownership of local websites, mobile applications, and connected television applications, as well as its affiliation with major broadcast television networks, including ABC, NBC, FOX, and CBS.

From a technical analysis perspective, Nexstars stock price has been trending near its 52-week high, with a current price of $169.00. The stocks SMA20 is at $170.70, indicating a potential resistance level, while its SMA50 and SMA200 are at $161.45 and $161.04, respectively, suggesting a longer-term uptrend. The ATR of 4.91, or 2.90%, indicates moderate volatility. Using this technical data, we can forecast that the stock may experience a short-term correction, potentially testing its SMA50 support level, before continuing its upward trend.

Fundamentally, Nexstars market capitalization stands at $5.12 billion, with a forward P/E ratio of 12.45, indicating a relatively attractive valuation. The companys return on equity (RoE) is an impressive 29.14%, suggesting strong profitability. By combining this fundamental data with our technical analysis, we can forecast that Nexstar is likely to continue its growth trajectory, driven by its diversified revenue streams and strong market position. As the company continues to expand its digital presence and capitalize on the shifting media landscape, we can expect its stock price to potentially reach new highs, with a forecasted target price of $190.00 in the next 6-12 months.