Yext, Inc. (YEXT): Great Progress On All Fronts?

The stock of Yext, Inc. (NYSE:YEXT) has been Downgraded to Underweight from Equal-Weight by Morgan Stanley in its latest research note that was published on January 15. Berenberg, analysts launched coverage of YEXT stock with a Buy rating, according to their flash note to investors on November 16.

Yext, Inc., which has current market capitalization of above $2 Billion, published its last quarter earnings on July 31, 2019.

YEXT surged by $0.64 during the normal trading session on Thursday and reaching a high of $17.95 during the day while it closed the day at $17.74. The Yext, stock had a low trading volume of 1.03 million shares on that day, which is low compared to the average daily volume of 818.90M shares. YEXT has also gained 4.48% of its value over the past 7 days. However, the stock has declined by 13.46% in the 3 months of the year. Over the past six months meanwhile, it has lost 22.16% while it has added 19.46% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -21.68% from its 3 months high price. However, taking another look at YEXT will indicate that it is trading +14.45% away from its 90-day low. Looking at the bigger picture, the Yext, Inc. stock has dropped by -32.03% from its 52-week high while it has surged by +37.52% from its 52-week low price.

Yext, has around 269 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $173 Billion. The Yext, stock is bringing in revenue of over 12 months, which is roughly 19 Billion. Despite all that, Yext, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 36.80%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 31.33%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 53.2%. Over the past 20 days, Yext,’s Stochastic %K stood at 38.03% while its Stochastic %D was revealed to be 27.51%.