Shares of Yext (YEXT, Financial) dropped 16.96%, driven by unfavorable third-quarter results that failed to meet investor expectations. This significant decline in the stock price reflects market concerns about the company's performance and future outlook.
Despite exceeding expectations in other areas, Yext did not adjust its full-year guidance, indicating a more conservative outlook for the fourth quarter, which is now anticipated to be below Wall Street forecasts. This decision has likely contributed to the steep decline in the stock price.
As of the latest data, Yext's current stock price stands at $7.075. The company's market capitalization is approximately $905.04 million. While Yext exhibits a high Piotroski F-Score of 7, indicating good financial health, the Altman Z-Score of 1.22 suggests potential distress, implying a possibility of bankruptcy within two years.
The company's price-to-book ratio currently sits at 5.53, while the price-to-sales ratio is close to one-year highs at 2.67, indicating a potentially overvalued stock. Interestingly, Yext's GF Value suggests that the stock is "Modestly Overvalued" with a GF Value estimate of $6.35. For more details, you can visit the GF Value page.
On a more positive note, Yext is experiencing an expansion in operating margins, and there has been insider buying activity with a total of 32,600 shares bought in the last three months. Moreover, the company's cash flow growth over the past year has been robust at 24.3%.
Investors should consider these factors when evaluating Yext (YEXT, Financial) as it navigates these challenging market conditions. The next earnings announcement, expected on March 6, 2025, will provide further insights into the company's trajectory.
