Last Updated: 16 Sep 2024
Executive Summary
Nexxen International Ltd. (NEXN) is a technology company that provides an end-to-end software platform for advertisers to reach relevant audiences and publishers. The company has a market capitalization of $414.91 million and its latest stock price is $7.54. Analysts have a strong buy rating on the stock with a target price of $7.6.
Company Overview
Nexxen International Ltd. is headquartered in Tel Aviv-Yafo, Israel. The company's software platform enables advertisers to create, manage, and track their advertising campaigns across multiple channels. Nexxen also provides data analytics and reporting tools to help advertisers measure the effectiveness of their campaigns.
Fundamental Analysis
Nexxen International Ltd. has a strong financial profile. The company's revenue for the trailing twelve months (TTM) was $331.99 million, and its EBITDA was $41.07 million. The company's profit margin is -0.0647%, and its operating margin is 0.12%. Nexxen has a negative return on assets (ROA) of -0.0101% and a negative return on equity (ROE) of -0.0392%.
Technical Analysis
Nexxen International Ltd.'s stock price has been trading in a range between $3.155 and $8.32 over the past 52 weeks. The stock's 50-day moving average is $5.31, and its 200-day moving average is $4.703. The stock's beta is 1.311.
Short Term Outlook
Nexxen International Ltd.'s stock price is currently trading above its 50-day moving average but below its 200-day moving average. The stock's technical indicators are mixed, and the stock could trade in a range in the near term.
Long Term Outlook
Nexxen International Ltd.'s long-term outlook is positive. The company's software platform is in high demand, and the company is well-positioned to benefit from the growing digital advertising market.
Analyst Recommendations
Analysts have a strong buy rating on Nexxen International Ltd.'s stock. The consensus target price is $7.6, which represents a potential upside of 0.8% from the current stock price.
