NextNav Inc (NASDAQ:NN) has a beta value of 1.13 and has seen 1.83 million shares traded in the last trading session. The company, currently valued at $1.40B, closed the last trade at $10.76 per share which meant it lost -$0.41 on the day or -3.67% during that session. The NN stock price is -72.3% off its 52-week high price of $18.54 and 67.01% above the 52-week low of $3.55.
NextNav Inc (NASDAQ:NN) trade information
Sporting -3.67% 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 $10.76 or saw a rise of 7.08%. Year-to-date, NextNav Inc shares have moved -30.85%, while the 5-day performance has seen it change 2.57%. Over the past 30 days, the shares of NextNav Inc (NASDAQ:NN) have changed -12.16%.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could drop -19.56% 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 16.36% off the targeted high while a plunge would see the stock lose 16.36% from current levels.
NextNav Inc (NN) estimates and forecasts
The company’s shares have gained 49.44% over the past 6 months. 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.
Earnings growth for 2025 is a modest -12.12% while over the next 5 years, the company’s earnings are expected to increase by 13.31%.
NN Dividends
NextNav Inc is expected to release its next earnings report in April 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
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 12.3063% 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 7.108% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Information Technology Index Fund . As of Dec 31, 2024 , the former fund manager holds about 1.59% shares in the company for having 2.08 shares of worth $22.35 million while later fund manager owns 980.61 shares of worth $10.55 million as of Nov 30, 2024 , which makes it owner of about 0.75% of company’s outstanding stock.
