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Who is the Top Investor In NextNav Inc (NN)?

NextNav Inc (NASDAQ: NN) is 92.36% higher on its value in year-to-date trading and has touched a low of $2.89 and a high of $9.50 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 $8.15 in the last trading session, with the day’s gains setting it 0.41%.

Currently trading at $8.56, the stock is 9.41% and 7.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.76 million and changing 5.03% at the moment leaves the stock 50.15% off its SMA200. NN registered 186.29% gain for a year compared to 6-month gain of 84.88%.

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The stock witnessed a 14.90% loss in the last 1 month and extending the period to 3 months gives it a 12.63%, and is 7.67% 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 6.68% over the week and 5.25% over the month.

NextNav Inc (NN) has around 111 employees, a market worth around $1.05B and $4.08M in sales. Profit margin for the company is -2133.30%. Distance from 52-week low is 196.19% and -9.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-72.03%).

The EPS is expected to shrink by -12.12% this year

The shares outstanding are 111.13M, and float is at 37.20M with Short Float at 29.26%.

NextNav Inc (NN) Insider Activity

The most recent transaction is an insider purchase by SAMBERG JOSEPH D, the company’s 10% Owner. SEC filings show that SAMBERG JOSEPH D bought 81,200 shares of the company’s common stock on Jun 24 ’24 at a price of $7.83 per share for a total of $0.64 million. Following the purchase, the insider now owns 10.0 million shares.

NextNav Inc disclosed in a document filed with the SEC on Jun 21 ’24 that SAMBERG JOSEPH D (10% Owner) bought a total of 53,000 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $7.42 per share for $0.39 million. Following the transaction, the insider now directly holds 9.93 million shares of the NN stock.

Still, SEC filings show that on Jun 20 ’24, SAMBERG JOSEPH D (10% Owner) acquired 181,000 shares at an average price of $7.30 for $1.32 million. The insider now directly holds 9,881,450 shares of NextNav Inc (NN).

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