NextNav Inc (NASDAQ:NN) has a beta value of 0.94 and has seen 1.07 million shares traded in the last trading session. The company, currently valued at $1.62B, closed the last trade at $12.86 per share which meant it lost -$0.01 on the day or -0.08% during that session. The NN stock price is -1.56% off its 52-week high price of $13.06 and 72.4% above the 52-week low of $3.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.07 million shares traded. The 3-month trading volume is 827.73K shares.
NextNav Inc (NASDAQ:NN) trade information
Sporting -0.08% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NN stock price touched $12.86 or saw a rise of 1.83%. Year-to-date, NextNav Inc shares have moved 188.99%, while the 5-day performance has seen it change 8.80%. Over the past 30 days, the shares of NextNav Inc (NASDAQ:NN) have changed 66.58%. Short interest in the company has seen 14.31 million shares shorted with days to cover at 26.84.
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Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -42.89% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is 30.02% off the targeted high while a plunge would see the stock lose 30.02% from current levels.
NextNav Inc (NN) estimates and forecasts
Figures show that NextNav Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 49.71% over the past 6 months, with this year growth rate of -21.21%, compared to 19.20% for the industry. Revenue growth from the last financial year stood is estimated to be 18.30%.
2 analysts offering their estimates for the company have set an average revenue estimate of 1.1M for the current quarter. 2 have an estimated revenue figure of 1.31M for the next ending quarter. Year-ago sales stood 1.03M and 1.21M respectively for this quarter and the next, and analysts expect sales will grow by 7.10% for the current quarter and 18.30% for the next.
NN Dividends
NextNav Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NextNav Inc (NASDAQ:NN)’s Major holders
Insiders own 36.90% of the company shares, while shares held by institutions stand at 49.78% with a share float percentage of 78.90%. Investors are also buoyed by the number of investors in a company, with NextNav Inc having a total of 161.0 institutions that hold shares in the company. The top two institutional holders are FORTRESS INVESTMENT GROUP LLC with over 14.18 million shares worth more than $114.98 million. As of 2024-06-30, FORTRESS INVESTMENT GROUP LLC held 12.766% of shares outstanding.
The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 8.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $66.41 million and represent 7.3736% of shares outstanding.
