NextNav Inc (NASDAQ: NN) is -15.17% lower on its value in year-to-date trading and has touched a low of $3.55 and a high of $18.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NN stock was last observed hovering at around $11.98 in the last trading session, with the day’s gains setting it 1.22%.
Currently trading at $13.20, the stock is -15.13% and -13.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.58 million and changing 10.18% at the moment leaves the stock 35.07% off its SMA200. NN registered 187.90% gain for a year compared to 6-month gain of 53.31%. The firm has a 50-day simple moving average (SMA 50) of $15.2998 and a 200-day simple moving average (SMA200) of $9.741625.
The stock witnessed a -22.99% loss in the last 1 month and extending the period to 3 months gives it a 71.54%, and is -18.06% 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 18.41% over the week and 9.59% over the month.
NextNav Inc (NN) has around 111 employees, a market worth around $1.72B and $4.96M in sales. Profit margin for the company is -1732.92%. Distance from 52-week low is 271.83% and -28.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-64.22%).
with sales reaching $1.73M over the same period.The EPS is expected to shrink by -9.60% this year, but quarterly earnings will post 42.00% year-over-year. Quarterly sales are estimated to grow 43.24% in year-over-year returns.
NextNav Inc (NN) Top Institutional Holders
175.0 institutions hold shares in NextNav Inc (NN), with institutional investors hold 72.96% of the company’s shares. The shares outstanding are 127.55M, and float is at 48.14M with Short Float at 25.91%. Institutions hold 46.49% 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
The most recent transaction is an insider sale by Shams Sammaad, the company’s Chief Accounting Officer. SEC filings show that Shams Sammaad sold 102 shares of the company’s common stock on Dec 19 ’24 at a price of $16.54 per share for a total of $1687.0. Following the sale, the insider now owns 60695.0 shares.
Still, SEC filings show that on Dec 16 ’24, Raghupathy Arun (Officer) Proposed Sale 3,332 shares at an average price of $18.32 for $61042.0. The insider now directly holds shares of NextNav Inc (NN).
