In last trading session, NextNav Inc (NASDAQ:NN) saw 1.24 million shares changing hands with its beta currently measuring 1.14. Company’s recent per share price level of $12.45 trading at $0.2 or 1.63% at ring of the bell on the day assigns it a market valuation of $1.63B. That closing price of NN’s stock is at a discount of -48.92% from its 52-week high price of $18.54 and is indicating a premium of 71.49% from its 52-week low price of $3.55.
NextNav Inc (NASDAQ:NN) trade information
Upright in the green during last session for gaining 1.63%, in the last five days NN remained trading in the green while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $12.45 price level, adding 5.11% to its value on the day. NextNav Inc’s shares saw a change of -19.99% in year-to-date performance and have moved 7.70% in past 5-day. NextNav Inc (NASDAQ:NN) showed a performance of -10.62% in past 30-days.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a fall of -38.33% to its current value. Analysts have been projecting 9 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would jump 27.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.71% for stock’s current value.
NextNav Inc (NN) estimates and forecasts
This year revenue growth is estimated to rise 42.00% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.73M for the same.
In 2025, company’s earnings growth rate is likely to be around -12.12% while estimates for its earnings growth in next 5 years are of 13.31%.
NextNav Inc (NASDAQ:NN)’s Major holders
FORTRESS INVESTMENT GROUP LLC is the top institutional holder at NN for having 14.18 million shares of worth $114.98 million. And as of 2024-06-30, it was holding 12.3063 of the company’s outstanding shares.
The second largest institutional holder is NEA MANAGEMENT COMPANY, LLC, which was holding about 8.19 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.108 of outstanding shares, having a total worth of $66.41 million.
On the other hand, iShares Russell 2000 ETF and Vanguard Information Technology Index Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024 , the former fund manager was holding 2.07 shares of worth $25.74 million or 1.58% of the total outstanding shares. The later fund manager was in possession of 980.61 shares on Nov 30, 2024 , making its stake of worth around $12.21 million in the company or a holder of 0.75% of company’s stock.
