NextNav Inc (NASDAQ: NN) is 95.62% higher on its value in year-to-date trading and has touched a low of $1.91 and a high of $8.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NN stock was last observed hovering at around $8.66 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $8.70, the stock is 15.71% and 52.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.7 million and changing 0.52% at the moment leaves the stock 87.47% off its SMA200. NN registered 341.88% gain for a year compared to 6-month gain of 98.74%.
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The stock witnessed a 32.29% loss in the last 1 month and extending the period to 3 months gives it a 129.68%, and is 11.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.85% over the week and 7.26% over the month.
NextNav Inc (NN) has around 111 employees, a market worth around $979.75M and $3.86M in sales. Profit margin for the company is -1857.46%. Distance from 52-week low is 355.76% and -1.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.40%).
The EPS is expected to grow by 12.63% this year
The shares outstanding are 111.13M, and float is at 28.29M with Short Float at 34.87%.
NextNav Inc (NN) Insider Activity
The most recent transaction is an insider purchase by SUBIN NEIL S, the company’s Director. SEC filings show that SUBIN NEIL S bought 50,000 shares of the company’s common stock on Mar 20 ’24 at a price of $4.72 per share for a total of $0.24 million. Following the purchase, the insider now owns 2.12 million shares.
NextNav Inc disclosed in a document filed with the SEC on Mar 19 ’24 that SUBIN NEIL S (Director) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Mar 19 ’24 and was made at $4.76 per share for $0.24 million. Following the transaction, the insider now directly holds 2.07 million shares of the NN stock.
Still, SEC filings show that on Mar 19 ’24, Lantz Robert (General Counsel) disposed off 2,032 shares at an average price of $4.75 for $9652.0. The insider now directly holds 88,401 shares of NextNav Inc (NN).
