Moreover, the 36-month beta value for NN is 1.07. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for NN is 44.99M and currently, short sellers hold a 31.64% of that float. On September 27, 2024, NN’s average trading volume was 796.87K shares.
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NN) stock’s latest price update
The stock price of NextNav Inc (NASDAQ: NN) has jumped by 3.36 compared to previous close of 7.15. Despite this, the company has seen a fall of -5.38% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-07 that NextNav, Inc. (NASDAQ:NN ) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Erica Bartsch – Investor Relations Mariam Sorond – Chair and CEO Chris Gates – CFO Conference Call Participants Matthew Miles – B. Riley Securities Operator Thank you for standing by.
NN’s Market Performance
NextNav Inc (NN) has seen a -5.38% fall in stock performance for the week, with a 6.03% gain in the past month and a -7.63% plunge in the past quarter. The volatility ratio for the week is 6.43%, and the volatility levels for the past 30 days are at 6.30% for NN. The simple moving average for the last 20 days is -0.22% for NN’s stock, with a simple moving average of 13.34% 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 -2.38% 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 -22.21% of loss for the given period.
Volatility was left at 6.30%, however, over the last 30 days, the volatility rate increased by 6.43%, as shares surge +2.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.67% lower at present.
During the last 5 trading sessions, NN fell by -5.38%, which changed the moving average for the period of 200-days by +88.52% in comparison to the 20-day moving average, which settled at $7.42. In addition, NextNav Inc saw 66.07% 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 Sammaad Shams, who proposed sale 735 shares at the price of $7.89 back on Sep 19 ’24. After this action, Sammaad Shams now owns shares of NextNav Inc, valued at $5,799 using the latest closing price.
Shams Sammaad, the Chief Accounting Officer of NextNav Inc, sale 735 shares at $7.89 during a trade that took place back on Sep 19 ’24, which means that Shams Sammaad is holding 61,353 shares at $5,799 based on the most recent closing price.
Stock Fundamentals for NN
Current profitability levels for the company are sitting at:
- -15.07 for the present operating margin
- -2.68 for the gross margin
The net margin for NextNav Inc stands at -21.82. The total capital return value is set at -0.43. Equity return is now at value -123.31, with -57.29 for asset returns.
Based on NextNav Inc (NN), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at -0.72. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 15.8.
Currently, EBITDA for the company is -58.71 million with net debt to EBITDA at -0.13. When we switch over and look at the enterprise to sales, we see a ratio of 214.54. The receivables turnover for the company is 1.95for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.93.
Conclusion
To wrap up, the performance of NextNav Inc (NN) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
