The 36-month beta value for NN is at 1.08. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NN is 38.41M, and currently, shorts hold a 30.89% of that float. The average trading volume for NN on July 26, 2024 was 767.31K shares.
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NN) stock’s latest price update
The stock of NextNav Inc (NASDAQ: NN) has decreased by -3.20 when compared to last closing price of 8.45.Despite this, the company has seen a loss of -3.20% in its stock price over the last five trading days. globenewswire.com reported 2024-07-24 that RESTON, Va., July 24, 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 Oppenheimer 27th Annual Virtual Technology, Internet & Communications Conference. NextNav will present at 8:15am ET and participate in one-on-one meetings on August 13, 2024.
NN’s Market Performance
NN’s stock has fallen by -3.20% in the past week, with a monthly drop of -0.97% and a quarterly drop of -6.03%. The volatility ratio for the week is 5.48% while the volatility levels for the last 30 days are 5.88% for NextNav Inc The simple moving average for the last 20 days is -2.63% for NN’s stock, with a simple moving average of 38.86% for the last 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 2.67% 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 -13.89% of loss for the given period.
Volatility was left at 5.88%, however, over the last 30 days, the volatility rate increased by 5.48%, as shares surge +3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.65% upper at present.
During the last 5 trading sessions, NN fell by -3.20%, which changed the moving average for the period of 200-days by +56.41% in comparison to the 20-day moving average, which settled at $8.41. In addition, NextNav Inc saw 83.82% 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 SAMBERG JOSEPH D, who purchase 81,200 shares at the price of $7.83 back on Jun 24 ’24. After this action, SAMBERG JOSEPH D now owns 10,000,200 shares of NextNav Inc, valued at $635,406 using the latest closing price.
SAMBERG JOSEPH D, the 10% Owner of NextNav Inc, purchase 53,000 shares at $7.42 during a trade that took place back on Jun 21 ’24, which means that SAMBERG JOSEPH D is holding 9,925,600 shares at $393,414 based on the most recent closing price.
Stock Fundamentals for NN
Current profitability levels for the company are sitting at:
- -16.12 for the present operating margin
- -2.69 for the gross margin
The net margin for NextNav Inc stands at -21.33. The total capital return value is set at -0.46. Equity return is now at value -120.34, with -61.56 for asset returns.
Based on NextNav Inc (NN), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at -0.67. The debt to equity ratio resting at 0.94. The interest coverage ratio of the stock is 29.86.
Currently, EBITDA for the company is -58.71 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 244.11. The receivables turnover for the company is 2.73for 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 4.01.
Conclusion
In conclusion, NextNav Inc (NN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
