The trading price of NextNav Inc (NASDAQ:NN) closed lower on Tuesday, March 04, and closing at $9.40, -5.53% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $18.54 and a 52-week low of $3.55. Over the past month, the stock has lost -24.38% in value.
NextNav Inc, whose market valuation is $1.23 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.14 per share this quarter, however they have predicted annual earnings per share of -0.74 for current year and -0.46 for next year.
Analysts have forecast the company to bring in revenue of 1.73M for the current quarter, with the likely lows of 1.68M and highs of 1.77M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 5.48M.
On the technical side, indicators suggest NN has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that NN’s price is currently -18.21% off the SMA20 and -27.30% off the SMA50. The RSI metric on the 14-day chart is currently showing 29.46, and weekly volatility stands at 8.26%. When measured over the past 30 days, the indicator reaches 6.24%. NextNav Inc (NASDAQ:NN)’s beta value is currently sitting at 1.19, while the Average True Range indicator is currently displaying 0.81. With analysts defining $9-$9 as the low and high price targets, we arrive at a consensus price target of $9 for the trailing 12-month period. The current price is about 4.26% off the estimated low and 4.26% off the forecast high, based on this estimate. Investors will be thrilled if NN’s share price rises to $9, which is the median consensus price. At that level, NN’s share price would be 4.26% above current price.
To see how NextNav Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NN stock’s performance was -5.53% in the latest trading, and 119.63% in the past year.
An evaluation of the daily trading volume of NextNav Inc (NASDAQ:NN) indicates that the 3-month average is 1.29 million.
Currently, records show that 127.55 million of the company’s shares remain outstanding. The insiders hold 54.79% of outstanding shares, whereas institutions hold 37.01%. However, since the stock’s price has seen -39.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
