NextNav Inc (NASDAQ:NN)’s traded shares stood at 0.69 million during the last session, with the company’s beta value hitting 1.15. At the close of trading, the stock’s price was $17.01, to imply a decrease of -0.18% or -$0.03 in intraday trading. The NN share’s 52-week high remains $18.10, putting it -6.41% down since that peak but still an impressive 79.13% since price per share fell to its 52-week low of $3.55. The company has a valuation of $2.19B, with an average of 1.06 million shares in intraday trading volume over the past 10 days and average of 915.43K shares over the past 3 months.
NextNav Inc (NASDAQ:NN) trade information
After registering a -0.18% downside in the last session, NextNav Inc (NN) has traded red over the past five days. The 5-day price performance for the stock is -2.19%, and 25.91% over 30 days. With these gigs, the year-to-date price performance is 282.25%. Short interest in NextNav Inc (NASDAQ:NN) saw shorts transact 13.68 million shares and set a 11.65 days time to cover.
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The extremes give us $9 and $9 for target low and target high price respectively. As such, NN has been trading 47.09% off suggested target high and 47.09% from its likely low.
NextNav Inc (NN) estimates and forecasts
Looking at statistics comparing NextNav Inc share performance against respective industry, we note that the company has underperformed competitors. NextNav Inc (NN) shares are 128.32% up over the last 6 months, with its year-to-date growth rate lower than industry average at -12.12% against 16.40%. The rating firms project that company’s revenue will grow 42.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 1.73M.
NN Dividends
NextNav Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
NextNav Inc (NASDAQ:NN)’s Major holders
NextNav Inc insiders hold 36.17% of total outstanding shares, with institutional holders owning 53.86% of the shares at 84.38% float percentage. In total, 53.86% institutions holds shares in the company, led by FORTRESS INVESTMENT GROUP LLC. As of 2024-06-30, the company held over 14.18 million shares (or 12.766% of shares), all amounting to roughly $114.98 million.
The next major institution holding the largest number of shares is NEA MANAGEMENT COMPANY, LLC with 8.19 million shares, or about 7.3736% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $66.41 million.
We also have iShares Russell 2000 ETF and General American Investors Co as the top two Mutual Funds with the largest holdings of the NextNav Inc (NN) shares. Going by data provided on Sep 30, 2024, iShares Russell 2000 ETF holds roughly 1.93 shares. This is just over 1.50% of the total shares, with a market valuation of $32.78 million. Data from the same date shows that the other fund manager holds a little less at 1.67, or 1.29% of the shares, all valued at about 28.35 million.
