The stock of NextNav Inc (NN) has gone up by 4.92% for the week, with a 93.08% rise in the past month and a 59.87% rise in the past quarter. The volatility ratio for the week is 6.80%, and the volatility levels for the past 30 days are 11.34% for NN. The simple moving average for the past 20 days is 31.68% for NN’s stock, with a 68.39% simple moving average for the past 200 days.
Is It Worth Investing in NextNav Inc (NASDAQ: NN) Right Now?
Additionally, the 36-month beta value for NN is 1.38. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NN is 26.68M and currently, short sellers hold a 33.36% ratio of that float. The average trading volume of NN on April 05, 2024 was 965.17K shares.
NN) stock’s latest price update
NextNav Inc (NASDAQ: NN)’s stock price has dropped by -1.63 in relation to previous closing price of 7.37. Nevertheless, the company has seen a gain of 4.92% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-13 that NextNav, Inc. (NN) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of NN
R. F. Lafferty, on the other hand, stated in their research note that they expect to see NN reach a price target of $16. The rating they have provided for NN stocks is “Buy” according to the report published on January 06th, 2022.
NN Trading at 55.55% from the 50-Day Moving Average
After a stumble in the market that brought NN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.20% of loss for the given period.
Volatility was left at 11.34%, however, over the last 30 days, the volatility rate increased by 6.80%, as shares surge +99.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +88.31% upper at present.
During the last 5 trading sessions, NN rose by +4.92%, which changed the moving average for the period of 200-days by +145.76% in comparison to the 20-day moving average, which settled at $5.69. In addition, NextNav Inc saw 62.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NN starting from SUBIN NEIL S, who purchase 50,000 shares at the price of $4.72 back on Mar 20 ’24. After this action, SUBIN NEIL S now owns 2,115,213 shares of NextNav Inc, valued at $236,000 using the latest closing price.
SUBIN NEIL S, the Director of NextNav Inc, purchase 50,000 shares at $4.76 during a trade that took place back on Mar 19 ’24, which means that SUBIN NEIL S is holding 2,065,213 shares at $238,000 based on the most recent closing price.
Stock Fundamentals for NN
Current profitability levels for the company are sitting at:
- -16.45 for the present operating margin
- -2.63 for the gross margin
The net margin for NextNav Inc stands at -18.57. The total capital return value is set at -0.42. Equity return is now at value -80.26, with -50.17 for asset returns.
Based on NextNav Inc (NN), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.7. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -12.27.
Currently, EBITDA for the company is -58.71 million with net debt to EBITDA at 0.32. When we switch over and look at the enterprise to sales, we see a ratio of 204.65. The receivables turnover for the company is 1.66for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.31.
Conclusion
In conclusion, NextNav Inc (NN) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
