Nexstar Media Group to Expand Presence in Cleveland With Acquisition of WBNX-TVTV55
| NXST Stock | USD 169.75 0.63 0.37% |
Slightly above 54% of Nexstar Broadcasting's investor base is interested to short. The current sentiment regarding investing in Nexstar Broadcasting Group stock implies that many traders are impartial. Nexstar Broadcasting's investing sentiment can be driven by a variety of factors including economic data, Nexstar Broadcasting's earnings reports, geopolitical events, and overall market trends.
Nexstar |
IRVING, Texas, October 28, 2024--Nexstar Media Group has agreed to acquire the assets of WBNX-TVTV55 in Cleveland, Ohio, from the Winston Broadcasting Company.
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Nexstar Broadcasting Fundamental Analysis
We analyze Nexstar Broadcasting's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nexstar Broadcasting using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nexstar Broadcasting 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.
Revenue
Revenue Comparative Analysis
Nexstar Broadcasting is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Nexstar Broadcasting 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 Nexstar Broadcasting stock to make a market-neutral strategy. Peer analysis of Nexstar Broadcasting could also be used in its relative valuation, which is a method of valuing Nexstar Broadcasting by comparing valuation metrics with similar companies.
Peers
Nexstar Broadcasting Related Equities
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| MCS | Marcus | 0.96 | ||||
| SBGI | Sinclair Broadcast | 0.70 | ||||
| MSGS | Madison Square | 0.59 | ||||
| FOXA | Fox Corp | 0.45 | ||||
| NWS | News Corp | 0.16 | ||||
| NWSA | News Corp | 0.17 | ||||
| FWONA | Liberty Media | 0.90 | ||||
| FWONK | Liberty Media | 1.13 | ||||
| LGF-A | Lions Gate | 2.70 | ||||
| AMCX | AMC Networks | 4.18 |
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