In the last trading session, 1.92 million NextNav Inc (NASDAQ:NN) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $11.08 changed hands at -$1.21 or -9.85% during last session, the market valuation stood at $1.46B. NN’s last price was a discount, traded about -67.33% off its 52-week high of $18.54. The share price had its 52-week low at $6.47, which suggests the last value was 41.61% up since then. When we look at NextNav Inc’s average trading volume, we note the 10-day average is 1.39 million shares, with the 3-month average coming to 1.33 million.
NextNav Inc (NASDAQ:NN) trade information
Instantly NN was in red as seen at the end of in last trading. With action -9.77%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.79%, with the 5-day performance at -9.77% in the red. However, in the 30-day time frame, NextNav Inc (NASDAQ:NN) is 8.84% up. Looking at the short shares, we see there were 14.39 million shares sold at short interest cover period of 10.04 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -23.11% from its current market value. According to analyst projections, NN’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a 18.77% surge from its current level, while the stock would need to tank 18.77% for it to hit the projected low.
NextNav Inc (NN) estimates and forecasts
Year-over-year growth is forecast to reach 38.81% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.87M. 2 analysts are of the opinion that NextNav Inc’s revenue for the current quarter will be 1.93M. The company’s revenue for the corresponding quarters a year ago was 1.05M and 1.1M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 78.73%. The estimates for the next quarter sales put growth at 74.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 40.78%. The 2025 estimates are for NextNav Inc earnings to increase by 40.48%.
NN Dividends
NextNav Inc is expected to release its next quarterly earnings report on 2025-Mar-11.
NextNav Inc (NASDAQ:NN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 35.63% of NextNav Inc shares while 50.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.78%. There are 50.71% institutions holding the NextNav Inc stock share, with FORTRESS INVESTMENT GROUP LLC the top institutional holder. As of 2024-06-30, the company held 12.3063% of the shares, roughly 14.18 million NN shares worth $114.98 million.
NEA MANAGEMENT COMPANY, LLC holds the second largest percentage of outstanding shares, with 7.108% or 8.19 million shares worth $66.41 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were iShares Trust-iShares Russell 2000 ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 1.99 shares estimated at $22.09 million under it, the former controlled 1.52% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 0.95% of the shares, roughly 1.25 shares worth around $13.86 million.
