In the last trading session, 1.18 million NextNav Inc (NASDAQ:NN) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $12.63 changed hands at -$0.57 or -4.32% during last session, the market valuation stood at $1.65B. NN’s last price was a discount, traded about -46.79% off its 52-week high of $18.54. The share price had its 52-week low at $3.55, which suggests the last value was 71.89% up since then. When we look at NextNav Inc’s average trading volume, we note the 10-day average is 2.29 million shares, with the 3-month average coming to 1.37 million.
NextNav Inc (NASDAQ:NN) trade information
Instantly NN was in red as seen at the end of in last trading. With action -6.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -18.83%, with the 5-day performance at -6.48% in the red. However, in the 30-day time frame, NextNav Inc (NASDAQ:NN) is -27.08% down. Looking at the short shares, we see there were 12.47 million shares sold at short interest cover period of 9.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -40.33% 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 28.74% surge from its current level, while the stock would need to tank 28.74% 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 37.28% over the past 6 months, a -12.12% in annual growth rate that is considerably lower than the industry average of 16.10%. Year-over-year growth is forecast to reach 42.00% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.73M. The company’s revenue for the corresponding quarters a year ago was 1.21M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 43.24%.
The 2025 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 February.
NextNav Inc (NASDAQ:NN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 36.28% of NextNav Inc shares while 46.49% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.96%. There are 46.49% 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.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Russell 2000 ETF and General American Investors Co . With 1.91 shares estimated at $24.08 million under it, the former controlled 1.46% of total outstanding shares. On the other hand, General American Investors Co held about 1.28% of the shares, roughly 1.67 shares worth around $21.05 million.
