In the last trading session, 1.01 million NextNav Inc (NASDAQ:NN) shares changed hands as the company’s beta touched 1.10. With the company’s per share price at $17.39 changed hands at $0.66 or 3.95% during last session, the market valuation stood at $2.33B. NN’s last price was a premium, traded about 1.67% off its 52-week high of $17.10. The share price had its 52-week low at $3.55, which suggests the last value was 79.59% up since then. When we look at NextNav Inc’s average trading volume, we note the 10-day average is 1.23 million shares, with the 3-month average coming to 904.77K.
NextNav Inc (NASDAQ:NN) trade information
Instantly NN was in green as seen at the end of in last trading. With action 11.90%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 290.79%, with the 5-day performance at 11.90% in the green. However, in the 30-day time frame, NextNav Inc (NASDAQ:NN) is 47.25% up. Looking at the short shares, we see there were 13.68 million shares sold at short interest cover period of 11.65 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 -93.22% 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 48.25% surge from its current level, while the stock would need to tank 48.25% 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 120.27% over the past 6 months, a -12.12% in annual growth rate that is considerably lower than the industry average of 17.80%.
The 2024 estimates are for NextNav Inc earnings to decrease by -9.60%.
NN Dividends
NextNav Inc is expected to release its next quarterly earnings report in January.
NextNav Inc (NASDAQ:NN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.17% of NextNav Inc shares while 53.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.50%. There are 53.93% 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.
