NextNav Inc (NASDAQ:NN) has a beta value of 1.14 and has seen 1.1 million shares traded in the last trading session. The company, currently valued at $2.29B, closed the last trade at $17.55 per share which meant it lost -$0.45 on the day or -2.50% during that session. The NN stock price is -5.64% off its 52-week high price of $18.54 and 79.77% above the 52-week low of $3.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.03 million shares traded. The 3-month trading volume is 964.33K shares.
NextNav Inc (NASDAQ:NN) trade information
Sporting -2.50% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NN stock price touched $17.55 or saw a rise of 5.34%. Year-to-date, NextNav Inc shares have moved 294.38%, while the 5-day performance has seen it change 2.39%. Over the past 30 days, the shares of NextNav Inc (NASDAQ:NN) have changed 23.42%. Short interest in the company has seen 12.18 million shares shorted with days to cover at 9.28.
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Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -95.0% from current levels. The projected low price target is $9.0 while the price target rests at a high of $9.0. In that case, then, we find that the current price level is 48.72% off the targeted high while a plunge would see the stock lose 48.72% from current levels.
NextNav Inc (NN) estimates and forecasts
Figures show that NextNav Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 136.84% over the past 6 months, with this year growth rate of -12.12%, compared to 16.60% for the industry. Revenue growth from the last financial year stood is estimated to be 42.00%.
2 analysts offering their estimates for the company have set an average revenue estimate of 1.73M for the current quarter.
NN Dividends
NextNav Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
NextNav Inc (NASDAQ:NN)’s Major holders
Insiders own 36.17% of the company shares, while shares held by institutions stand at 52.76% with a share float percentage of 82.66%. Investors are also buoyed by the number of investors in a company, with NextNav Inc having a total of 173.0 institutions that hold shares in the company. The top two institutional holders are FORTRESS INVESTMENT GROUP LLC with over 14.18 million shares worth more than $114.98 million. As of 2024-06-30, FORTRESS INVESTMENT GROUP LLC held 12.766% of shares outstanding.
The other major institutional holder is NEA MANAGEMENT COMPANY, LLC, with the holding of over 8.19 million shares as of 2024-06-30. The firm’s total holdings are worth over $66.41 million and represent 7.3736% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and General American Investors Co . As of Sep 30, 2024 , the former fund manager holds about 1.50% shares in the company for having 1.93 shares of worth $33.82 million while later fund manager owns 1.67 shares of worth $29.25 million as of Sep 30, 2024 , which makes it owner of about 1.29% of company’s outstanding stock.
