Yext Inc (NYSE: YEXT) 52-Week High Located At $14.35, Forget The Dips, Just Ride The Rips

Yext Inc (NYSE:YEXT) does about 829.37K shares in volume on a normal day but saw 6712869 shares change hands in Friday’s trading. The company now has a market cap of 648.85M USD. Its current market price is $5.15, marking an increase of 9.11% compared to the previous close of $4.72. The 52 week high reached by this stock is $14.35 whilst the lowest price level in 52 weeks is $4.69.

Yext Inc (YEXT) has a 20-day trading average at $5.26 and the current price is -64.11% off the 52-week high compared with 9.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $5.49 and its 200-day simple moving average is $6.06. If we look at the stock’s price movements over the week, volatility stands at 7.06%, which decreases to 4.21% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.73 to suggest the stock is neutral.

The consensus objective for the share price is $7.75, suggesting that the stock has a potential upside of 33.55% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 28, 2023 when B. Riley Securities initiated the stock to “Neutral” and issued a price target of $11. ROTH MKM upgraded the stock to “Buy” from Neutral on June 07, 2023 at a price target of $8.50-$12.80. Truist downgraded its price target at $17-$6.

Yext Inc (YEXT) stock is up 1.98% over the week and -5.85% over the past month. Its price is -12.56% year-to-date and -61.25% over the past year.

To reach the target analysts have set, the stock logically needs to grow 33.55 percent from here.

The company has a return on investment of -1.11% and return on equity of -1.91%. The forward price to earnings ratio is 11.62. The beta has a value of 1.21. Price to book ratio is 4.37 and price to sales ratio is 1.60.