NXT hasn't tumbled as much as some other ASX small and midcaps these past couple of months. But, plenty more shares for sale than buyers right now, so might see more downdraft if the ASX remains sombre.
Clearly the ASX market has a preference right now for large cap stocks with cash flow and defensive features. VOC has the cash flow to its advantage (still kicking myself for missing that one when it was low $2 range).
On the plus side, NXT now has the largest gap in the past two years (possibly longer) between its sp and analyst consensus target price ($2 vs $2.98). Analysts can be and have been wrong, but seldom collectively (7 of them in the Thomson/Reuters estimates), particularly when company data support analyst predictions.
NXT Price at posting:
$2.00 Sentiment: None Disclosure: Held
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