NXST
Nexstar Media Group, Inc. Communication Services - Broadcasting Investor Relations →
Nexstar Media Group, Inc. (NXST) closed at $226.81 as of 2026-03-20, trading 39.5% above its 200-week moving average of $162.60. The stock is currently moving closer to the line, down from 44.0% last week. The 14-week RSI sits at 64, indicating neutral momentum.
A big spike in selling this week — 2.5x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 1116 weeks of data, NXST has crossed below its 200-week moving average 13 times. On average, these episodes lasted 21 weeks. Historically, investors who bought NXST at the start of these episodes saw an average one-year return of +52.4%.
With a market cap of $6.9 billion, NXST is a mid-cap stock. The company generates a free cash flow yield of 13.7%, which is notably high. Return on equity stands at 3.8%. The stock trades at 3.3x book value.
The company has been aggressively buying back shares, reducing its share count by 17.6% over the past three years.
Over the past 21.4 years, a hypothetical investment of $100 in NXST would have grown to $3764, compared to $820 for the S&P 500. That represents an annualized return of 18.5% vs 10.3% for the index — confirming NXST as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -15.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NXST vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NXST Crosses Below the Line?
Across 13 historical episodes, buying NXST when it crossed below its 200-week moving average produced an average return of +39.3% after 12 months (median +44.0%), compared to +19.9% for the S&P 500 over the same periods. 85% of those episodes were profitable after one year. After 24 months, the average return was +76.0% vs +41.9% for the index.
Each line shows $100 invested at the moment NXST crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NXST has crossed below its 200-week MA 13 times with an average 1-year return of +52.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2004 | Feb 2007 | 119 | 52.7% | -42.1% | +4231.1% |
| Mar 2008 | Apr 2010 | 109 | 90.6% | -90.0% | +4655.6% |
| Jun 2010 | Jul 2010 | 4 | 10.1% | +82.1% | +6607.1% |
| Aug 2010 | Sep 2010 | 7 | 25.3% | +77.3% | +7105.1% |
| Nov 2010 | Nov 2010 | 2 | 7.8% | +94.6% | +6369.6% |
| Jan 2011 | Feb 2011 | 2 | 7.5% | +72.5% | +6316.1% |
| Feb 2016 | Feb 2016 | 1 | 1.6% | +91.7% | +723.9% |
| Mar 2020 | May 2020 | 9 | 33.7% | +216.1% | +444.8% |
| Sep 2023 | Sep 2023 | 1 | 2.3% | +25.5% | +87.1% |
| Oct 2023 | Oct 2023 | 1 | 1.4% | +25.7% | +84.2% |
| Oct 2023 | Oct 2023 | 1 | 2.2% | +31.3% | +84.9% |
| Jan 2025 | Feb 2025 | 7 | 3.0% | +44.4% | +58.4% |
| Mar 2025 | May 2025 | 5 | 4.9% | N/A | +53.4% |
| Average | 21 | — | +52.4% | — |
Frequently Asked Questions
Is NXST below its 200-week moving average?
No. Nexstar Media Group, Inc. (NXST) is currently 39.5% above its 200-week moving average of $162.60. It would need to fall to $162.60 to cross below the line.
What is NXST's 200-week moving average price?
Nexstar Media Group, Inc.'s 200-week moving average is $162.60 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NXST drops below its 200-week moving average?
NXST has crossed below its 200-week moving average 13 times in our data. On average, buying at that moment produced a one-year return of +52.4%. These dips have historically been decent entry points. These episodes lasted 21 weeks on average.
Is NXST a good value right now?
Here's what our data says about NXST as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 64. Free cash flow yield is 13.7%. Return on equity is 3.8%. Price-to-book is 3.3x. This is not a buy or sell recommendation — always do your own research.
How does NXST compare to the S&P 500?
Over the past 21.4 years, $100 invested in NXST would have grown to $3764, compared to $820 for the S&P 500. That's 18.5% annualized vs 10.3% for the index. NXST has outperformed the broader market over this period.
Does NXST pay a dividend?
Yes. Nexstar Media Group, Inc. currently pays a dividend yield of 328.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20