NextNav Inc (NASDAQ: NN) is -17.03% lower on its value in year-to-date trading and has touched a low of $6.41 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 $13.00 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $12.91, the stock is 12.61% and 9.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -0.69% at the moment leaves the stock 19.61% off its SMA200. NN registered 86.29% gain for a year compared to 6-month gain of 80.56%. The firm has a 50-day simple moving average (SMA 50) of $11.788 and a 200-day simple moving average (SMA200) of $10.7931.
The stock witnessed a 27.07% loss in the last 1 month and extending the period to 3 months gives it a -13.47%, and is 7.85% 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 6.86% over the week and 9.67% over the month.
NextNav Inc (NN) has around 96 employees, a market worth around $1.70B and $5.67M in sales. Profit margin for the company is -1797.12%. Distance from 52-week low is 101.25% and -30.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-85.55%).
The EPS is expected to grow by 40.48% this year.
NextNav Inc (NN) Top Institutional Holders
204.0 institutions hold shares in NextNav Inc (NN), with institutional investors hold 78.78% of the company’s shares. The shares outstanding are 131.14M, and float is at 59.15M with Short Float at 24.34%. Institutions hold 50.71% 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 12.3063% 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 7.108 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.74 million shares representing 4.1107% 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
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NextNav Inc disclosed in a document filed with the SEC on Mar 18 ’25 that Shams Sammaad (Chief Accounting Officer) sold a total of 3,938 shares of the company’s common stock. The trade occurred on Mar 18 ’25 and was made at $11.40 per share for $44880.0. Following the transaction, the insider now directly holds 71366.0 shares of the NN stock.
Still, SEC filings show that on Mar 19 ’25, Shams Sammaad (Chief Accounting Officer) disposed off 102 shares at an average price of $11.63 for $1186.0. The insider now directly holds 71,264 shares of NextNav Inc (NN).
