In last trading session, NextNav Inc (NASDAQ:NN) saw 0.51 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $7.32 trading at -$0.42 or -5.49% at ring of the bell on the day assigns it a market valuation of $924.66M. That closing price of NN’s stock is at a discount of -29.78% from its 52-week high price of $9.50 and is indicating a premium of 51.5% from its 52-week low price of $3.55. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.37 million shares which gives us an average trading volume of 815.97K if we extend that period to 3-months.
NextNav Inc (NASDAQ:NN) trade information
Upright in the red during last session for losing -5.49%, in the last five days NN remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $7.32 price level, adding 7.34% to its value on the day. NextNav Inc’s shares saw a change of 64.49% in year-to-date performance and have moved 0.27% in past 5-day. NextNav Inc (NASDAQ:NN) showed a performance of -13.37% in past 30-days. Number of shares sold short was 11.84 million shares which calculate 22.62 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 18.67% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would drop -22.95% in reaching the projected high whereas dropping to the targeted low would mean a loss of -22.95% for stock’s current value.
NextNav Inc (NN) estimates and forecasts
Statistics highlight that NextNav Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 78.10% of value to its shares in past 6 months, showing an annual growth rate of -22.73% while that of industry is 15.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 18.30% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.1M for the same. And 2 analysts are in estimates of company making revenue of 1.31M in the next quarter. Company posted 1.03M and 1.21M of sales in current and next quarters respectively a year earlier.
NextNav Inc (NASDAQ:NN)’s Major holders
Insiders are in possession of 39.40% of company’s total shares while institution are holding 49.78 percent of that, with stock having share float percentage of 82.14%. Investors also watch the number of corporate investors in a company very closely, which is 49.78% institutions for NextNav Inc that are currently holding shares of the company. FORTRESS INVESTMENT GROUP LLC is the top institutional holder at NN for having 14.18 million shares of worth $93.29 million. And as of 2024-03-31, it was holding 13.1312 of the company’s outstanding shares.
The second largest institutional holder is NEA MANAGEMENT COMPANY, LLC, which was holding about 8.19 million shares on 2024-03-31. The number of shares represents firm’s hold over 7.5845 of outstanding shares, having a total worth of $53.88 million.
On the other hand, iShares Russell 2000 ETF and General American Investors Co are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.81 shares of worth $13.28 million or 1.44% of the total outstanding shares. The later fund manager was in possession of 1.67 shares on Jun 30, 2024 , making its stake of worth around $12.21 million in the company or a holder of 1.32% of company’s stock.
