In last trading session, NextNav Inc (NASDAQ:NN) saw 1.14 million shares changing hands with its beta currently measuring 1.15. Company’s recent per share price level of $10.27 trading at $0.11 or 1.08% at ring of the bell on the day assigns it a market valuation of $1.34B. That closing price of NN’s stock is at a discount of -80.53% from its 52-week high price of $18.54 and is indicating a premium of 61.54% from its 52-week low price of $3.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.61 million shares which gives us an average trading volume of 1.38 million if we extend that period to 3-months.
NextNav Inc (NASDAQ:NN) trade information
Upright in the green during last session for gaining 1.08%, in the last five days NN remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $10.27 price level, adding 11.31% to its value on the day. NextNav Inc’s shares saw a change of -34.00% in year-to-date performance and have moved -10.70% in past 5-day. NextNav Inc (NASDAQ:NN) showed a performance of -14.42% in past 30-days. Number of shares sold short was 13.76 million shares which calculate 14.16 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a fall of -14.11% 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 12.37% in reaching the projected high whereas dropping to the targeted low would mean a gain of 12.37% for stock’s current value.
NextNav Inc (NN) estimates and forecasts
This year revenue growth is estimated to rise 38.85% from the last financial year’s standing.
NextNav Inc (NASDAQ:NN)’s Major holders
Insiders are in possession of 36.17% of company’s total shares while institution are holding 51.68 percent of that, with stock having share float percentage of 80.95%. Investors also watch the number of corporate investors in a company very closely, which is 51.68% institutions for NextNav Inc that are currently holding shares of the company. 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.
