In last trading session, NextNav Inc (NASDAQ:NN) saw 0.89 million shares changing hands with its beta currently measuring 1.14. Company’s recent per share price level of $11.80 trading at -$0.65 or -5.22% at ring of the bell on the day assigns it a market valuation of $1.54B. That closing price of NN’s stock is at a discount of -57.12% from its 52-week high price of $18.54 and is indicating a premium of 69.92% from its 52-week low price of $3.55.
NextNav Inc (NASDAQ:NN) trade information
Upright in the red during last session for losing -5.22%, in the last five days NN remained trading in the red while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $11.80 price level, adding 10.06% to its value on the day. NextNav Inc’s shares saw a change of -24.16% in year-to-date performance and have moved -3.52% in past 5-day. NextNav Inc (NASDAQ:NN) showed a performance of -10.13% in past 30-days.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a fall of -31.11% 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 23.73% in reaching the projected high whereas dropping to the targeted low would mean a gain of 23.73% for stock’s current value.
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 $24.4 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 $11.57 million in the company or a holder of 0.75% of company’s stock.
