In the last trading session, 1.59 million shares of the NextNav Inc (NASDAQ:NN) were traded, and its beta was 1.01. Most recently the company’s share price was $16.21, and it changed around $1.11 or 7.35% from the last close, which brings the market valuation of the company to $2.09B. NN currently trades at a discount to its 52-week high of $17.02, offering almost -5.0% off that amount. The share price’s 52-week low was $3.55, which indicates that the current value has risen by an impressive 78.1% since then. We note from NextNav Inc’s average daily trading volume that its 10-day average is 1.52 million shares, with the 3-month average coming to 850.74K.
NextNav Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NN as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. NextNav Inc is expected to report earnings per share of -0.14 for the current quarter.
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NextNav Inc (NASDAQ:NN) trade information
Instantly NN has showed a green trend with a performance of 7.35% 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 17.02 on recent trading dayincreased the stock’s daily price by 4.76%. The company’s shares are currently up 264.27% year-to-date, but still up 8.86% over the last five days. On the other hand, NextNav Inc (NASDAQ:NN) is 71.90% up in the 30-day period. We can see from the shorts that 13.58 million shares have been sold at a short interest cover period of 19.87 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bulls needing to decrease their stock price by -80.11% from its current value. Analyst projections state that NN is forecast to be at a low of $9 and a high of $9.
NextNav Inc (NN) estimates and forecasts
NextNav Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 115.27 percent over the past six months and at a -12.12% annual growth rate that is well below the industry average of 19.50%. The year-over-year growth rate is expected to be 43.54%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 1.73M in revenue for the current quarter. 2 analysts expect NextNav Inc to make 5.48M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.21M and 3.86M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 43.24%. Forecasts for the next quarter put sales growth at 42.00%.
NN Dividends
NextNav Inc’s next quarterly earnings report is expected to be released in December.
NextNav Inc (NASDAQ:NN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 36.17% of NextNav Inc shares, and 53.93% of them are in the hands of institutional investors. The stock currently has a share float of 84.49%. NextNav Inc stock is held by 175.0 institutions, with FORTRESS INVESTMENT GROUP LLC being the largest institutional investor. By 2024-06-30, it held 12.766% of the shares, which is about 14.18 million shares worth $114.98 million.
NEA MANAGEMENT COMPANY, LLC, with 7.3736% or 8.19 million shares worth $66.41 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
