In the last trading session, 1.34 million NextNav Inc (NASDAQ:NN) shares changed hands as the company’s beta touched 1.04. With the company’s per share price at $14.89 changed hands at -$0.16 or -1.06% during last session, the market valuation stood at $1.88B. NN’s last price was a discount, traded about -2.42% off its 52-week high of $15.25. The share price had its 52-week low at $3.55, which suggests the last value was 76.16% up since then. When we look at NextNav Inc’s average trading volume, we note the 10-day average is 1.11 million shares, with the 3-month average coming to 746.18K.
NextNav Inc (NASDAQ:NN) trade information
Instantly NN was in red as seen at the end of in last trading. With action 15.79%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 234.61%, with the 5-day performance at 15.79% in the green. However, in the 30-day time frame, NextNav Inc (NASDAQ:NN) is 90.90% up. Looking at the short shares, we see there were 14.31 million shares sold at short interest cover period of 26.84 days.
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The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -65.44% from its current market value. According to analyst projections, NN’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a 39.56% surge from its current level, while the stock would need to tank 39.56% for it to hit the projected low.
NextNav Inc (NN) estimates and forecasts
Data shows that the NextNav Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 92.88% over the past 6 months, a -21.21% in annual growth rate that is considerably lower than the industry average of 18.60%. Year-over-year growth is forecast to reach 18.30% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.1M. 2 analysts are of the opinion that NextNav Inc’s revenue for the current quarter will be 1.31M. The company’s revenue for the corresponding quarters a year ago was 1.03M and 1.21M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.10%. The estimates for the next quarter sales put growth at 8.70%.
The 2024 estimates are for NextNav Inc earnings to decrease by -24.75%.
NN Dividends
NextNav Inc is expected to release its next quarterly earnings report in December.
NextNav Inc (NASDAQ:NN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.90% of NextNav Inc shares while 49.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.92%. There are 49.80% institutions holding the NextNav Inc stock share, with FORTRESS INVESTMENT GROUP LLC the top institutional holder. As of 2024-06-30, the company held 12.766% of the shares, roughly 14.18 million NN shares worth $114.98 million.
NEA MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 7.3736% or 8.19 million shares worth $66.41 million as of 2024-06-30.
