NN Inc (NASDAQ: NNBR) is -16.21% lower on its value in year-to-date trading and has touched a low of $2.38 and a high of $5.40 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 NNBR stock was last observed hovering at around $2.69 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.74, the stock is -15.74% and -23.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 1.86% at the moment leaves the stock -23.99% off its SMA200. NNBR registered -37.87% loss for a year compared to 6-month loss of -31.33%. The firm has a 50-day simple moving average (SMA 50) of $3.6026 and a 200-day simple moving average (SMA200) of $3.6149.
The stock witnessed a -30.10% gain in the last 1 month and extending the period to 3 months gives it a -30.98%, and is -5.19% 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 24.67% over the week and 10.36% over the month.
NN Inc (NNBR) has around 2926 employees, a market worth around $136.86M and $470.31M in sales. Profit margin for the company is -11.23%. Distance from 52-week low is 15.13% and -49.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.93%).
with sales reaching $108.6M over the same period.The EPS is expected to shrink by -42.53% this year, but quarterly earnings will post -4.68% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.
106.0 institutions hold shares in NN Inc (NNBR), with institutional investors hold 78.17% of the company’s shares. The shares outstanding are 49.95M, and float is at 43.95M with Short Float at 5.03%. Institutions hold 70.74% of the Float.
The top institutional shareholder in the company is CORRE PARTNERS MANAGEMENT, LLC with over 6.63 million shares valued at $19.9 million. The investor’s holdings represent 13.8992 of the NNBR Shares outstanding. As of 2024-06-30, the second largest holder is LEGION PARTNERS ASSET MANAGEMENT, LLC with 4.79 million shares valued at $14.38 million to account for 10.0409 of the shares outstanding. The other top investors are NOMURA HOLDINGS INC which holds 3.0 million shares representing 6.2963 and valued at over $9.01 million, while BLACKROCK INC. holds 5.9468 of the shares totaling 2.84 million with a market value of $8.51 million.
NN Inc (NNBR) Insider Activity
The most recent transaction is an insider sale by Corre Partners Management, LLC, the company’s 10% Owner. SEC filings show that Corre Partners Management, LLC sold 427,630 shares of the company’s common stock on Jan 14 ’25 at a price of $3.87 per share for a total of $1.66 million. Following the sale, the insider now owns 0.81 million shares.
NN Inc disclosed in a document filed with the SEC on Aug 19 ’24 that BENVENUTI RAYNARD D. (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $3.74 per share for $37400.0. Following the transaction, the insider now directly holds 0.3 million shares of the NNBR stock.
Still, SEC filings show that on Aug 16 ’24, HARMAN JERI J (Director) acquired 6,849 shares at an average price of $3.64 for $24930.0. The insider now directly holds 308,265 shares of NN Inc (NNBR).
