Company’s 36-month beta value is 1.14.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NN is 28.29M, and currently, short sellers hold a 36.61% ratio of that floaft. The average trading volume of NN on May 09, 2024 was 926.14K shares.
NN) stock’s latest price update
NextNav Inc (NASDAQ: NN)’s stock price has gone decline by -2.44 in comparison to its previous close of 8.59, however, the company has experienced a -7.91% decrease in its stock price over the last five trading days. GlobeNewsWire reported 2024-05-08 that MCLEAN, Va., May 08, 2024 (GLOBE NEWSWIRE) — NextNav (Nasdaq: NN), a leader in next generation positioning, navigation, timing (PNT) and 3D geolocation, today announced that Chief Executive Officer, Mariam Sorond and Chief Financial Officer, Chris Gates, will participate in the following upcoming conferences:
NN’s Market Performance
NN’s stock has fallen by -7.91% in the past week, with a monthly rise of 10.26% and a quarterly rise of 102.91%. The volatility ratio for the week is 7.35% while the volatility levels for the last 30 days are 7.78% for NextNav Inc The simple moving average for the past 20 days is -0.09% for NN’s stock, with a 69.70% simple moving average for the past 200 days.
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 26.07% 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 -11.79% of loss for the given period.
Volatility was left at 7.78%, however, over the last 30 days, the volatility rate increased by 7.35%, as shares surge +10.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +106.91% upper at present.
During the last 5 trading sessions, NN fell by -7.91%, which changed the moving average for the period of 200-days by +180.27% in comparison to the 20-day moving average, which settled at $8.43. In addition, NextNav Inc saw 88.31% 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 240.14. 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 a nutshell, NextNav Inc (NN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
