Analyst Eric Martinuzzi of Lake Street is bullish on Nexxen International (NASDAQ:NEXN), increasing the price target to $7 from $6.5. Over the last three months, the average price target for Nexxen International has been $7.60, suggesting a potential upside of 43.94%. With 4 buy ratings, 1 hold rating, and 0 sell ratings, the consensus rating for Nexxen International is Strong Buy. Analysts from Lake Street Capital Markets, Raymond James, and other firms are also tracking Nexxen International.
NEXN Stock Declines by 1.31% on March 7, 2024 – Investors Advised to Monitor for Potential Rebound
On March 7, 2024, NEXN stock experienced a slight decline in its performance. The stock closed at $5.28, which was a decrease of $0.07 or 1.31% from the previous market close. Additionally, in after-hours trading, the stock dropped even further by $0.20.
Investors should keep an eye on NEXN stock to see if the downward trend continues or if the stock rebounds in the coming days. It is important to consider the overall market conditions and any company-specific news that may be influencing the stock’s performance.
NEXN Stock Performance Review: Financial Results Analysis and Growth Prospects
NEXN stock had a mixed performance on March 7, 2024, as the company reported its financial results for the past year and the third quarter. According to data from CNN Money, NEXN’s total revenue stood at $335.25 million for the past year, which remained flat compared to the previous year. However, total revenue decreased by 4.93% since the last quarter, reaching $80.09 million.
The company’s net income for the past year was reported at $22.74 million, showing a significant decrease of 68.95% compared to the previous year. On the other hand, the net income for the third quarter was -$1.20 million, representing an increase of 78.68% since the last quarter.
Earnings per share (EPS) for the past year were $0.30, marking a decline of 69.02% compared to the previous year. However, EPS for the third quarter was reported at -$0.02, showing an increase of 79.03% since the last quarter.
Investors and analysts may closely monitor NEXN’s financial performance in the coming quarters to assess the company’s growth prospects and potential risks. It is essential to consider various factors, such as market conditions, competition, and industry trends, when evaluating the stock’s performance and making investment decisions.
