In the last trading session, 25.83 million NN Inc (NASDAQ:NNBR) shares changed hands as the company’s beta touched 3.02. With the company’s per share price at $2.69 changed hands at $0.29 or 12.08% during last session, the market valuation stood at $134.35M. NNBR’s last price was a discount, traded about -100.74% off its 52-week high of $5.40. The share price had its 52-week low at $2.38, which suggests the last value was 11.52% up since then. When we look at NN Inc’s average trading volume, we note the 10-day average is 0.18 million shares, with the 3-month average coming to 127.44K.
Analysts gave the NN Inc (NNBR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 6 recommended NNBR as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. NN Inc’s EPS for the current quarter is expected to be -0.06.
NN Inc (NASDAQ:NNBR) trade information
Instantly NNBR was in green as seen at the end of in last trading. With action -15.41%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -17.74%, with the 5-day performance at -15.41% in the red. However, in the 30-day time frame, NN Inc (NASDAQ:NNBR) is -33.74% down. Looking at the short shares, we see there were 2.21 million shares sold at short interest cover period of 15.09 days.
NN Inc (NNBR) estimates and forecasts
Data shows that the NN Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.90% over the past 6 months, a 27.59% in annual growth rate that is considerably higher than the industry average of 7.30%. Year-over-year growth is forecast to reach -4.68% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 108.6M. 3 analysts are of the opinion that NN Inc’s revenue for the current quarter will be 115.83M. The company’s revenue for the corresponding quarters a year ago was 112.53M and 121.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.50%. The estimates for the next quarter sales put growth at -4.43%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 30.43%. The 2025 estimates are for NN Inc earnings to decrease by -42.53%.
NNBR Dividends
NN Inc is expected to release its next quarterly earnings report in February. During the past 5 years, the average dividend yield was 2.21 per year.
NN Inc (NASDAQ:NNBR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.51% of NN Inc shares while 70.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.17%. There are 70.74% institutions holding the NN Inc stock share, with CORRE PARTNERS MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 13.8992% of the shares, roughly 6.63 million NNBR shares worth $19.9 million.
LEGION PARTNERS ASSET MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 10.0409% or 4.79 million shares worth $14.38 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 1.56 shares estimated at $4.2 million under it, the former controlled 3.12% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.19% of the shares, roughly 1.09 shares worth around $2.94 million.
