The stock of NN Inc (NNBR) has gone down by -3.93% for the week, with a -20.28% drop in the past month and a -29.77% drop in the past quarter. The volatility ratio for the week is 9.53%, and the volatility levels for the past 30 days are 7.03% for NNBR. The simple moving average for the past 20 days is -10.07% for NNBR’s stock, with a 5.70% simple moving average for the past 200 days.
Is It Worth Investing in NN Inc (NASDAQ: NNBR) Right Now?
The 36-month beta value for NNBR is at 3.07. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for NNBR is 44.63M, and currently, shorts hold a 3.34% of that float. The average trading volume for NNBR on May 08, 2024 was 190.00K shares.
NNBR) stock’s latest price update
The stock price of NN Inc (NASDAQ: NNBR) has dropped by -10.00 compared to previous close of 3.80. Despite this, the company has seen a fall of -3.93% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-07 that NN, Inc. (NASDAQ:NNBR ) Q1 2024 Earnings Conference Call May 7, 2024 9:00 AM ET Company Participants Stephen Poe – Investor Relations Harold Bevis – President & Chief Executive Officer Mike Felcher – Senior Vice President & Chief Financial Officer Tim French – Senior Vice President & Chief Operating Officer Conference Call Participants Joe Gomes – Noble Capital John Franzreb – Sidoti & Company Rob Brown – Lake Street Capital Markets Mike Crawford – B. Reilly Tom Kerr – Zacks Investment Research Operator Good day, and welcome to the NN, Incorporated.
Analysts’ Opinion of NNBR
Many brokerage firms have already submitted their reports for NNBR stocks, with Noble Capital Markets repeating the rating for NNBR by listing it as a “Outperform.” The predicted price for NNBR in the upcoming period, according to Noble Capital Markets is $6 based on the research report published on April 15, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see NNBR reach a price target of $4, previously predicting the price at $2. The rating they have provided for NNBR stocks is “Buy” according to the report published on August 07th, 2023.
NNBR Trading at -21.25% from the 50-Day Moving Average
After a stumble in the market that brought NNBR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.67% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 9.53%, as shares sank -19.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.91% lower at present.
During the last 5 trading sessions, NNBR fell by -3.93%, which changed the moving average for the period of 200-days by +12.87% in comparison to the 20-day moving average, which settled at $3.76. In addition, NN Inc saw -14.50% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NNBR starting from Gautam Rajeev, who purchase 50,000 shares at the price of $2.37 back on Nov 30 ’23. After this action, Gautam Rajeev now owns 50,000 shares of NN Inc, valued at $118,650 using the latest closing price.
Faria Joao V, the Director of NN Inc, purchase 30,000 shares at $1.74 during a trade that took place back on May 25 ’23, which means that Faria Joao V is holding 227,963 shares at $52,161 based on the most recent closing price.
Stock Fundamentals for NNBR
Current profitability levels for the company are sitting at:
- -0.04 for the present operating margin
- 0.33 for the gross margin
The net margin for NN Inc stands at -0.11. The total capital return value is set at -0.05. Equity return is now at value -23.88, with -9.91 for asset returns.
Based on NN Inc (NNBR), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.8. The interest coverage ratio of the stock is -0.85.
Currently, EBITDA for the company is 24.32 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.04.
Conclusion
In conclusion, NN Inc (NNBR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
