NextNav Inc (NASDAQ: NN)’s stock price has gone decline by -6.38 in comparison to its previous close of 16.62, however, the company has experienced a 4.08% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-26 that Raghupathy Honored for Work as PNT Technology Pioneer and Industry Innovator Raghupathy Honored for Work as PNT Technology Pioneer and Industry Innovator
Is It Worth Investing in NextNav Inc (NASDAQ: NN) Right Now?
NN has 36-month beta value of 1.16. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NN is 48.14M, and currently, short sellers hold a 26.01% ratio of that float. The average trading volume of NN on January 01, 2025 was 1.08M shares.
NN’s Market Performance
The stock of NextNav Inc (NN) has seen a 4.08% increase in the past week, with a -10.52% drop in the past month, and a 107.74% gain in the past quarter. The volatility ratio for the week is 7.65%, and the volatility levels for the past 30 days are at 6.55% for NN. The simple moving average for the past 20 days is -6.43% for NN’s stock, with a 64.05% simple moving average for the past 200 days.
Analysts’ Opinion of NN
Many brokerage firms have already submitted their reports for NN stocks, with B. Riley Securities repeating the rating for NN by listing it as a “Buy.” The predicted price for NN in the upcoming period, according to B. Riley Securities is $20 based on the research report published on November 14, 2024 of the previous year 2024.
R. F. Lafferty gave a rating of “Buy” to NN, setting the target price at $16 in the report published on January 06th of the previous year.
NN Trading at 4.79% 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 -16.07% of loss for the given period.
Volatility was left at 6.55%, however, over the last 30 days, the volatility rate increased by 7.65%, as shares sank -9.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +77.83% upper at present.
During the last 5 trading sessions, NN rose by +4.08%, which changed the moving average for the period of 200-days by +269.60% in comparison to the 20-day moving average, which settled at $16.63. In addition, NextNav Inc saw 249.66% 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 Shams Sammaad, who sale 102 shares at the price of $16.54 back on Dec 19 ’24. After this action, Shams Sammaad now owns 60,695 shares of NextNav Inc, valued at $1,687 using the latest closing price.
SAMMAAD SHAMS, the Officer of NextNav Inc, proposed sale 102 shares at $16.47 during a trade that took place back on Dec 19 ’24, which means that SAMMAAD SHAMS is holding shares at $1,680 based on the most recent closing price.
Stock Fundamentals for NN
Current profitability levels for the company are sitting at:
- -13.15 for the present operating margin
- -1.86 for the gross margin
The net margin for NextNav Inc stands at -17.33. The total capital return value is set at -0.43. Equity return is now at value -117.95, with -49.89 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 -0.66. The debt to equity ratio resting at 0.85. The interest coverage ratio of the stock is -9.73.
Currently, EBITDA for the company is -58.71 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 409.98. The receivables turnover for the company is 2.22for 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 5.01.
Conclusion
To put it simply, NextNav Inc (NN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
