In the last trading session, 1.02 million shares of the NN Inc. (NASDAQ:NNBR) were traded, and its beta was 2.72. Most recently the company’s share price was $1.51, and it changed around $0.21 or 16.15% from the last close, which brings the market valuation of the company to $68.64M. NNBR currently trades at a discount to its 52-week high of $3.61, offering almost -139.07% off that amount. The share price’s 52-week low was $0.97, which indicates that the current value has risen by an impressive 35.76% since then. We note from NN Inc.’s average daily trading volume that its 10-day average is 0.54 million shares, with the 3-month average coming to 293.51K.

NN Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NNBR as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. NN Inc. is expected to report earnings per share of -$0.06 for the current quarter.

NN Inc. (NASDAQ:NNBR) trade information

Instantly NNBR has showed a green trend with a performance of 16.15% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.5300 on Tuesday, 05/23/23 increased the stock’s daily price by 1.31%. The company’s shares are currently up 0.67% year-to-date, but still up 16.15% over the last five days. On the other hand, NN Inc. (NASDAQ:NNBR) is 31.30% up in the 30-day period. We can see from the shorts that 1.33 million shares have been sold at a short interest cover period of 4.01 day(s).

The consensus price target as assigned by Wall Street analysts is $3.50, which translates to bulls needing to increase their stock price by 56.86% from its current value. Analyst projections state that NNBR is forecast to be at a low of $2.00 and a high of $5.00. In order for the stock price to hit the forecast high, the stock would need to plunge -231.13% from its current level, while the stock would need to crash -32.45% from its current level to reach the projected low.

NN Inc. (NNBR) estimates and forecasts

NN Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -22.56 percent over the past six months and at a 73.68% annual growth rate that is well above the industry average of 6.90%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 33.30% in revenue this quarter, and will report a decrease of -33.30% in the next quarter. The year-over-year growth rate is expected to be 4.60%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $131.6 million in revenue for the current quarter. 2 analysts expect NN Inc. to make $134.95 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $125.36 million and $127.3 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.00%. Forecasts for the next quarter put sales growth at 6.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.00%. NN Inc. earnings are expected to increase by -1.50% in 2023, but the outlook is positive 15.00% per year for the next five years.

NNBR Dividends

NN Inc.’s next quarterly earnings report is expected to be released around August 02 and August 07.

NN Inc. (NASDAQ:NNBR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 6.69% of NN Inc. shares, and 72.24% of them are in the hands of institutional investors. The stock currently has a share float of 77.42%. NN Inc. stock is held by 73 institutions, with Corre Partners Management, LLC being the largest institutional investor. By Mar 30, 2023, it held 12.16% of the shares, which is about 5.55 million shares worth $5.94 million.

Legion Partners Asset Management, LLC, with 9.08% or 4.15 million shares worth $4.44 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Royce Opportunity Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 1.56 million shares worth $2.34 million, making up 3.56% of all outstanding shares. On the other hand, Royce Opportunity Fund held roughly 1.42 million shares worth around $2.13 million, which represents about 3.24% of the total shares outstanding.