Nelnet Reports Third Quarter 2024 Results
NNI Stock | USD 109.57 1.64 1.52% |
Under 65% of all Nelnet's traders are looking to take a long position. The analysis of the overall prospects from investing in Nelnet Inc suggests that some traders are, at the present time, interested. Nelnet's investing sentiment shows overall attitude of investors towards Nelnet Inc.
Nelnet |
Nelnet today reported GAAP net income of 2.4 million, or 0.07 per share, for the third quarter of 2024, compared with GAAP net income of 44.4 million, or 1.18 per share, for the same period a year ago.
Read at finance.yahoo.com
Nelnet Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Nelnet can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Nelnet Fundamental Analysis
We analyze Nelnet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nelnet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nelnet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Per Share
Cash Per Share Comparative Analysis
Nelnet is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Nelnet Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nelnet stock to make a market-neutral strategy. Peer analysis of Nelnet could also be used in its relative valuation, which is a method of valuing Nelnet by comparing valuation metrics with similar companies.
Peers
Nelnet Related Equities
OPRT | Oportun Financial | 9.49 | ||||
FCFS | FirstCash | 3.39 | ||||
AGM | Federal Agricultural | 2.86 | ||||
SLM | SLM Corp | 2.76 | ||||
ENVA | Enova International | 1.89 | ||||
AGM-PG | Federal Agricultural | 1.51 | ||||
NAVI | Navient Corp | 1.30 | ||||
IX | Orix Corp | 1.28 | ||||
AGM-PF | Federal Agricultural | 0.47 | ||||
EZPW | EZCORP | 0.16 | ||||
AGM-PE | Federal Agricultural | 0.04 | ||||
SLMBP | SLM Corp | 0.04 | ||||
MFIN | Medallion Financial | 1.05 |
Complementary Tools for Nelnet Stock analysis
When running Nelnet's price analysis, check to measure Nelnet'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 Nelnet is operating at the current time. Most of Nelnet's value examination focuses on studying past and present price action to predict the probability of Nelnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nelnet's price. Additionally, you may evaluate how the addition of Nelnet to your portfolios can decrease your overall portfolio volatility.
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