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NEXT (LON:NXT) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

NEXT logo with Consumer Cyclical background

Key Points

  • NEXT plc's stock price recently crossed above its 200-day moving average, reaching £123.35 during trading, with the last price at £122.75.
  • Analyst firm Shore Capital has reiterated a "buy" rating on NEXT shares amid current market fluctuations.
  • Insider Wolfson Aspley Guise sold 100,000 shares at an average price of £123.62, totaling over £12 million.
  • Looking to export and analyze NEXT data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

NEXT plc (LON:NXT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of £113.01 ($150.00) and traded as high as £123.35 ($163.72). NEXT shares last traded at £122.75 ($162.93), with a volume of 236,125 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Shore Capital reissued a "buy" rating on shares of NEXT in a report on Thursday. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of NEXT in a report on Friday.

View Our Latest Report on NXT

NEXT Stock Performance

The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 76.08. The firm has a market capitalization of £14.51 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 5.66 and a beta of 1.37. The company has a 50-day moving average of £124.43 and a 200-day moving average of £113.59.

Insiders Place Their Bets

In other news, insider Wolfson Aspley Guise sold 100,000 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of £123.62 ($164.08), for a total value of £12,362,000 ($16,408,282.45). 6.69% of the stock is owned by corporate insiders.

NEXT Company Profile

(Get Free Report)

Founded as a tailoring business in Leeds in 1864 by Joseph Hepworth and Son, today, the company offers clothing, footwear, accessories, beauty and home products to our UK and International customers. NEXT has over 500 stores in the United Kingdom and Eire, and over 180 franchise branches across Europe, Asia and the Middle East.

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