The stock of NN Inc (NNBR) has seen a 8.16% increase in the past week, with a -32.23% drop in the past month, and a -37.35% decrease in the past quarter. The volatility ratio for the week is 24.01%, and the volatility levels for the past 30 days are at 10.80% for NNBR. The simple moving average for the last 20 days is -15.20% for NNBR stock, with a simple moving average of -26.07% for the last 200 days.
Is It Worth Investing in NN Inc (NASDAQ: NNBR) Right Now?
Company’s 36-month beta value is 3.00.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NNBR is 43.95M, and currently, short sellers hold a 5.03% ratio of that floaft. The average trading volume of NNBR on January 20, 2025 was 562.49K shares.
NNBR) stock’s latest price update
The stock of NN Inc (NASDAQ: NNBR) has increased by 1.92 when compared to last closing price of 2.60. Despite this, the company has experienced a 8.16% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-17 that CHARLOTTE, N.C., Jan. 17, 2025 (GLOBE NEWSWIRE) — NN, Inc. (NASDAQ: NNBR), a global diversified industrial company that engineers and manufactures high-precision components and assemblies, today announced the release of its 2023 Sustainability Report, detailing the company’s efforts and accomplishments in advancing sustainable business practices and strategies for further improvement for the fiscal year 2023. The report reflects NN’s dedication to transparency, innovation, and responsible business practices.
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 previous 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 -25.72% 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 -50.93% of loss for the given period.
Volatility was left at 10.80%, however, over the last 30 days, the volatility rate increased by 24.01%, as shares sank -31.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.29% lower at present.
During the last 5 trading sessions, NNBR rose by +8.16%, which changed the moving average for the period of 200-days by -42.14% in comparison to the 20-day moving average, which settled at $3.13. In addition, NN Inc saw -18.96% 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 Corre Partners Management, LLC, who sale 427,630 shares at the price of $3.87 back on Jan 14 ’25. After this action, Corre Partners Management, LLC now owns 810,567 shares of NN Inc, valued at $1,656,751 using the latest closing price.
BENVENUTI RAYNARD D., the Director of NN Inc, purchase 10,000 shares at $3.74 during a trade that took place back on Aug 19 ’24, which means that BENVENUTI RAYNARD D. is holding 301,104 shares at $37,400 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
- 0.08 for the gross margin
The net margin for NN Inc stands at -0.08. The total capital return value is set at -46.58. Equity return is now at value -18.28, with -7.54 for asset returns.
Based on NN Inc (NNBR), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 161.72. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -0.81.
Currently, EBITDA for the company is 15.4 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 7254.51for trailing twelve months and the total asset turnover is 988.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.96.
Conclusion
In a nutshell, NN Inc (NNBR) has experienced a bad performance in recent times. The stock has received mixed “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.
