During the last session, NextNav Inc (NASDAQ:NN)’s traded shares were 0.79 million, with the beta value of the company hitting 1.15. At the end of the trading day, the stock’s price was $16.79, reflecting an intraday loss of -2.33% or -$0.4. The 52-week high for the NN share is $18.10, that puts it down -7.8 from that peak though still a striking 78.86% gain since the share price plummeted to a 52-week low of $3.55. The company’s market capitalization is $2.16B, and the average intraday trading volume over the past 10 days was 0.95 million shares, and the average trade volume was 935.59K shares over the past three months.
NextNav Inc (NASDAQ:NN) trade information
NextNav Inc (NN) registered a -2.33% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.33% in intraday trading to $16.79, hitting a weekly high. The stock’s 5-day price performance is -1.29%, and it has moved by 23.82% in 30 days. Based on these gigs, the overall price performance for the year is 310.51%. The short interest in NextNav Inc (NASDAQ:NN) is 12.18 million shares and it means that shorts have 9.28 day(s) to cover.
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The consensus price target of analysts on Wall Street is $9, which implies a decrease of -86.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, NN is trading at a premium of 46.4% off the target high and 46.4% off the low.
NextNav Inc (NN) estimates and forecasts
Statistics show that NextNav Inc has underperformed its competitors in share price, compared to the industry in which it operates. NextNav Inc (NN) shares have gone up 127.51% during the last six months, with a year-to-date growth rate less than the industry average at -12.12% against 16.30. In the rating firms’ projections, revenue will increase 42.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.73M as predicted by 2 analyst(s).
While earnings are projected to return -9.60% in 2024.
NN Dividends
NextNav Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
NextNav Inc (NASDAQ:NN)’s Major holders
NextNav Inc insiders own 36.17% of total outstanding shares while institutional holders control 52.78%, with the float percentage being 82.70%. FORTRESS INVESTMENT GROUP LLC is the largest shareholder of the company, while 174.0 institutions own stock in it. As of 2024-06-30, the company held over 14.18 million shares (or 12.766% of all shares), a total value of $114.98 million in shares.
The next largest institutional holding, with 8.19 million shares, is of NEA MANAGEMENT COMPANY, LLC’s that is approximately 7.3736% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $66.41 million.
