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How to Buy Nexstar Media Group Stock

Nexstar Media Group Inc

Nexstar Media Group, Inc. , a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States.

Nexstar Media Group stock last closed at $150.56, down 1.59% from the previous day, and has decreased 9.33% in one year. It has underperformed other stocks in the Entertainment industry by 0.2 percentage points. Nexstar Media Group stock is currently +13.8% from its 52-week low of $132.30, and -19.62% from its 52-week high of $187.32.

At the moment, there are 32.83M NXST shares outstanding. The market value of NXST is $4.94B. In the past 24 hours, 386,412 NXST shares were traded.

How to Buy Nexstar Media Group Stock

Not sure how to invest in Nexstar Media Group stock? Here's how.
  1. Choose where to buy Nexstar Media Group stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Nexstar Media Group stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Choose your method of payment and add your information.
  4. Research Nexstar Media Group stock: The Nexstar Media Group ticker symbol is NXST. Is Nexstar Media Group stock a good investment? Should you buy shares of NXST? How do NXST's underlying business fundamentals look? Do top analysts think Nexstar Media Group is a good buy? Why has NXST's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if NXST is a good stock to buy).
  5. Place your NXST trade: Decide if you will purchase NXST shares at the current market price or use a limit order to purchase NXST shares at a specific price.
  6. Monitor your NXST investment: Create a watchlist to key updates about your position in Nexstar Media Group shares.

Step 1: Choose where to buy Nexstar Media Group stock

You need an online brokerage account to access the NASDAQ market and buy NXST shares.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can invest in NXST stock today.

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  1. Submit your data by pressing the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've created your account on one of the best stock trading apps, you can securely and quickly fund your account:

Watch the tutorial below if you need help depositing funds into your new investment account.

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Step 4: Research Nexstar Media Group stock

Once you have figured out the best place to buy Nexstar Media Group stock, it's absolutely critical to analyze their stock prior to investing, so you truly understand the risk as well as the opportunity.

Nexstar Media Group stock at a glance

NXST Price
$150.56
1w %
-3.78%
1y %
-9.33%
5y %
51.65%
P/E
12.6x
P/B
2.13x
P/S
1.02x
PEG
0.27x
Revenue
$4.96B
Earnings
$410.00M
Fore. Rev. Growth
5.68%
Fore. Earn. Growth
51.16%
Market Cap
$4.94B
Next Earnings
Aug 8, 2024
Next Dividend
N/A

Nexstar Media Group Zen Score

WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on NXST's stock page.

How is NXST stock valued?

Investors use many financial metrics, analyses, models, and charts to gauge NXST's intrinsic value.

Using relative valuations measures:

  • NXST may be undervalued based on its P/E ratio of 12.6x, relative to Entertainment industry P/E ratio of 54.87x
  • NXST could be undervalued based on its P/B ratio of 2.13x, relative to Entertainment industry P/B ratio of 2.8x
  • NXST could be undervalued based on its PEG ratio of 0.27x

You can do more valuation analysis on NXST's stock here.

NXST Financial Health Summary

Signs that NXST is financially healthy:

  • There are more short-term assets than short-term liabilities on the NXST balance sheet.

Signs that NXST is not financially healthy:

  • Total NXST debt is higher than 5 years ago, relative to shareholder equity.
  • NXST's operating cash flow of $781.00M allows it to safely service it's debt of $6.85B.
  • NXST profit margin has gone down from 15.8% to 8.3% in the past year.
  • NXST earnings of $1.01B is not sufficient to cover its interest payments.
  • NXST has a relatively high debt to equity ratio of 4.14.
  • There are more long-term liabilities than short-term assets on the NXST balance sheet.

Is it a good time to buy NXST stock, according to Wall Street analysts?

Out of 4 Equities analysts who track NXST, the consensus analyst rating on NXST is a Strong Buy

Please note that analyst ratings are not stock recommendations, nor are they investment advice.

You can dive deeper into what analysts are saying on the Nexstar Media Group stock forecast page.

NXST Trading Indicators

SMA10
155.96
SMA20
158.97
SMA50
162.99
SMA100
165.51
SMA200
157.46
MACD
-3.41
MACD Signal
-2.57
MACD Histogram
-0.84
RSI
35.49
Stochastic %K
16.12
Stochastic %D
17.92
StochRSI %K
12.58
StochRSI %D
11.89

NXST Performance Numbers

Last year, NXST earnings were $410.00M. During the last five year, NXST's earnings have increased by 6.6% per year. This was slower than the Entertainment industry average of 17.39%.

Last year, NXST revenue was $4.96B. Over the last 5 year, NXST's revenue has gone up by 12.29% per year. This was slower than the Entertainment industry average of 13.83%.

You can analyze NXST's earnings and revenue performance here.

Latest Insiders Trades at NXST

In the last year, executives and large shareholders at NXST have bought more shares than they have sold.

Charles Thomas McMillen, Director of NXST, was the latest NXST insider to sell. They sold $228,610.25 worth of NXST stock on Jun 13, 2024.

Dig into more about who owns NXST stock here.

Can I get consistent income from NXST stock?

No, Nexstar Media Group doesn't provide an income stream by paying out dividends.

What others are saying about NXST

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Place your NXST trade

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are generally the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price limit, use a limit order.

Press the Open Trade button and your broker will place your order.

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Step 6: Monitor your NXST investment

Now that you own some NXST stock, you'll want to stay up-to-date on your new investment.

Put NXST on a watchlist to get notified of important updates regarding your NXST stock.

NXST Feed

How to Buy Stock in Nexstar Media Group

To summarize, here are the 6 steps to buy Nexstar Media Group stock:

  1. Choose where to buy Nexstar Media Group stock
  2. Open a brokerage account
  3. Put funds into your brokerage account
  4. Research Nexstar Media Group stock
  5. Place your NXST trade
  6. Monitor your NXST investment

If you are looking for a online brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Nexstar Media Group, click the button below.

NASDAQ: NXST
$150.56-2.44 (-1.59%)
Updated Jun 14, 2024
Open eToro Account
NASDAQ: NXST
$150.56-2.44 (-1.59%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nexstar Media Group share?

As of Jun 14, 2024, it costs $150.56 to buy one share of Nexstar Media Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.664 shares of NXST.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nexstar Media Group stock?

According to 4 Wall Street analysts who monitor Nexstar Media Group, their consensus recommendation is to buy Nexstar Media Group stock.

What is the best way to buy Nexstar Media Group stock?

One way to place an order for Nexstar Media Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.