In the last trading session, 1.06 million shares of the NextNav Inc (NASDAQ:NN) were traded, and its beta was 1.15. Most recently the company’s share price was $16.99, and it changed around -$0.02 or -0.12% from the last close, which brings the market valuation of the company to $2.19B. NN currently trades at a discount to its 52-week high of $18.10, offering almost -6.53% off that amount. The share price’s 52-week low was $3.55, which indicates that the current value has risen by an impressive 79.11% since then. We note from NextNav Inc’s average daily trading volume that its 10-day average is 1.03 million shares, with the 3-month average coming to 914.73K.
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 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended NN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
NextNav Inc (NASDAQ:NN) trade information
Instantly NN has showed a red trend with a performance of -0.12% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.61 on recent trading dayincreased the stock’s daily price by 3.52%. The company’s shares are currently up 281.80% year-to-date, but still down -1.51% over the last five days. On the other hand, NextNav Inc (NASDAQ:NN) is 21.62% up in the 30-day period. We can see from the shorts that 13.68 million shares have been sold at a short interest cover period of 11.65 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 -88.78% 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 128.36 percent over the past six months and at a -12.12% annual growth rate that is well below the industry average of 16.50%.
NN Dividends
NextNav Inc’s next quarterly earnings report is expected to be released in January.
NextNav Inc (NASDAQ:NN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 36.17% of NextNav Inc shares, and 53.86% of them are in the hands of institutional investors. The stock currently has a share float of 84.38%. NextNav Inc stock is held by 174.0 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.
