NEXN Should I Buy
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Nexxen International Ltd (NEXN) is not a strong buy at the moment for a beginner investor with a long-term focus. The technical indicators are bearish, options data shows limited activity, and the company's financial performance has been weak in recent quarters. While analysts maintain a generally positive outlook with price targets above the current price, the lack of recent positive news and catalysts, combined with weak financials, suggests that the stock does not currently present a compelling entry point.
The technical indicators for NEXN are bearish. The MACD is below 0 and negatively contracting, RSI is neutral at 39.55, and moving averages indicate a bearish trend (SMA_200 > SMA_20 > SMA_5). The stock is trading below the pivot level of 6.88, with key support at 6.318 and resistance at 7.441.
Guidance through FY26 is considered 'good enough' to keep investors interested.
The company's Q4 results were mixed, with declines in ex-TAC contribution and EBITDA. Financial performance in 2025/Q3 showed a significant drop in net income (-71.06% YoY) and EPS (-65.00% YoY). Gross margin also declined by 6.54%. There is no recent news or event-driven catalysts to support a bullish sentiment.
In 2025/Q3, revenue increased by 5.11% YoY to $94.79M. However, net income dropped by 71.06% YoY to $4.21M, and EPS fell by 65.00% YoY to $0.07. Gross margin also declined to 65.88%, down 6.54% YoY, indicating weakening profitability.
Analysts have mixed views. Rosenblatt raised the price target to $16 with a Buy rating, citing potential recovery in 2026. Scotiabank lowered the price target to $10 but maintained an Outperform rating, while Canaccord reduced the price target to $11 but kept a Buy rating. Analysts acknowledge mixed Q4 results but remain optimistic about future guidance.
