During the last session, NextNav Inc (NASDAQ:NN)’s traded shares were 0.76 million, with the beta value of the company hitting 1.02. At the end of the trading day, the stock’s price was $11.81, reflecting an intraday loss of -1.05% or -$0.13. The 52-week high for the NN share is $18.54, that puts it down -56.99 from that peak though still a striking 45.22% gain since the share price plummeted to a 52-week low of $6.47. The company’s market capitalization is $1.56B, and the average intraday trading volume over the past 10 days was 1.33 million shares, and the average trade volume was 1.29 million shares over the past three months.
NextNav Inc (NASDAQ:NN) trade information
NextNav Inc (NN) registered a -1.05% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.05% in intraday trading to $11.81, hitting a weekly high. The stock’s 5-day price performance is -0.88%, and it has moved by 0.13% in 30 days. Based on these gigs, the overall price performance for the year is 47.32%. The short interest in NextNav Inc (NASDAQ:NN) is 15.13 million shares and it means that shorts have 9.23 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies a decrease of -31.22% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $9 respectively. As a result, NN is trading at a premium of 23.79% off the target high and 23.79% off the low.
NextNav Inc (NN) estimates and forecasts
In the rating firms’ projections, revenue will increase 38.81% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.87M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 1.93M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.05M and 1.1M respectively. In this case, analysts expect current quarter sales to grow by 78.73% and then jump by 74.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 40.78%. While earnings are projected to return 40.48% in 2025.
NN Dividends
NextNav Inc is due to release its next quarterly earnings on 2025-Mar-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
NextNav Inc (NASDAQ:NN)’s Major holders
NextNav Inc insiders own 35.45% of total outstanding shares while institutional holders control 55.09%, with the float percentage being 85.34%. FORTRESS INVESTMENT GROUP LLC is the largest shareholder of the company, while 206.0 institutions own stock in it. As of 2024-06-30, the company held over 14.18 million shares (or 12.3063% of all shares), a total value of $114.98 million in shares.
The next largest institutional holding, with 8.19 million shares, is of NEA MANAGEMENT COMPANY, LLC’s that is approximately 7.108% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $66.41 million.
Also, the Mutual Funds coming in first place with the largest holdings of NextNav Inc (NN) shares are iShares Trust-iShares Russell 2000 ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. Data provided on Mar 31, 2025 indicates that iShares Trust-iShares Russell 2000 ETF owns about 2.11 shares. This amounts to just over 1.59 percent of the company’s overall shares, with a $24.89 million market value. The same data shows that the other fund manager holds slightly less at 1.25, or about 0.95% of the stock, which is worth about $14.78 million.
