In last trading session, NextNav Inc (NASDAQ:NN) saw 3.6 million shares changing hands with its beta currently measuring 1.15. Company’s recent per share price level of $11.20 trading at $0.93 or 9.06% at ring of the bell on the day assigns it a market valuation of $1.46B. That closing price of NN’s stock is at a discount of -65.54% from its 52-week high price of $18.54 and is indicating a premium of 64.73% 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 1.77 million shares which gives us an average trading volume of 1.39 million if we extend that period to 3-months.
NextNav Inc (NASDAQ:NN) trade information
Upright in the green during last session for gaining 9.06%, in the last five days NN remained trading in the green while hitting it’s week-highest on Thursday, 03/13/25 when the stock touched $11.20 price level, adding 11.25% to its value on the day. NextNav Inc’s shares saw a change of -28.02% in year-to-date performance and have moved 0.27% in past 5-day. NextNav Inc (NASDAQ:NN) showed a performance of -5.72% 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 -24.44% 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 19.64% in reaching the projected high whereas dropping to the targeted low would mean a gain of 19.64% for stock’s current value.
NextNav Inc (NN) estimates and forecasts
This year revenue growth is estimated to rise 38.81% 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 1.87M for the same. And 2 analysts are in estimates of company making revenue of 1.93M in the next quarter. Company posted 1.05M and 1.1M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 40.78% during past 5 years.
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 80.96%. 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.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 2.08 shares of worth $23.26 million or 1.59% of the total outstanding shares. The later fund manager was in possession of 1.25 shares on Dec 31, 2024 , making its stake of worth around $14.01 million in the company or a holder of 0.96% of company’s stock.
