NextNav Inc (NASDAQ: NN) is 66.07% higher on its value in year-to-date trading and has touched a low of $3.55 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 $7.15 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $7.39, the stock is -0.22% and -2.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 3.36% at the moment leaves the stock 13.34% off its SMA200. NN registered 38.13% gain for a year compared to 6-month gain of 6.95%. The firm has a 50-day simple moving average (SMA 50) of $7.5338 and a 200-day simple moving average (SMA200) of $6.53755.
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The stock witnessed a 6.03% loss in the last 1 month and extending the period to 3 months gives it a -7.63%, and is -5.38% down 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 6.43% over the week and 6.30% over the month.
NextNav Inc (NN) has around 111 employees, a market worth around $933.50M and $4.38M in sales. Profit margin for the company is -2181.52%. Distance from 52-week low is 108.17% and -22.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-72.86%).
NextNav Inc quarterly earnings per share for the current quarter are estimated at -0.15 with sales reaching $1.1M over the same period.The EPS is expected to shrink by -26.26% this year, but quarterly earnings will post 18.30% year-over-year. Quarterly sales are estimated to grow 7.10% in year-over-year returns.
159.0 institutions hold shares in NextNav Inc (NN), with institutional investors hold 82.16% of the company’s shares. The shares outstanding are 111.13M, and float is at 44.99M with Short Float at 31.64%. Institutions hold 49.79% of the Float.
The top institutional shareholder in the company is FORTRESS INVESTMENT GROUP LLC with over 14.18 million shares valued at $114.98 million. The investor’s holdings represent 12.766 of the NN Shares outstanding. As of 2024-06-30, the second largest holder is NEA MANAGEMENT COMPANY, LLC with 8.19 million shares valued at $66.41 million to account for 7.3736 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.74 million shares representing 4.2643 and valued at over $38.41 million, while VANGUARD GROUP INC holds 2.6468 of the shares totaling 2.94 million with a market value of $23.84 million.
NextNav Inc (NN) Insider Activity
NextNav Inc disclosed in a document filed with the SEC on Sep 19 ’24 that Shams Sammaad (Chief Accounting Officer) sold a total of 735 shares of the company’s common stock. The trade occurred on Sep 19 ’24 and was made at $7.89 per share for $5799.0. Following the transaction, the insider now directly holds 61353.0 shares of the NN stock.
Still, SEC filings show that on Aug 26 ’24, SUBIN NEIL S (Director) acquired 125,000 shares at an average price of $6.93 for $0.87 million. The insider now directly holds 2,490,213 shares of NextNav Inc (NN).
