NextNav Inc (NASDAQ:NN) traded at $10.18 at close of the session on Monday, March 10 and made a downward move of -5.39% on its previous day’s price.
NextNav Inc has a market cap of $1.33 billion and is expected to release its quarterly earnings report in April.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.73M, with a low of 1.68M and a high of 1.77M. The median projection represents growth squeezing down to 43.24% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 5.48M, or 42.00% up from figures reported last year.
On the other hand, looking at the outlook for the NN stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold.
Looking further, we note the current price level is -9.58% off its SMA20 and -18.73% from its 50-day simple moving average. The RSI (14) is pointing at 40.67 while the volatility over the past week is 12.45% and jumps to 7.75% over the past one month. The beta value is 1.16, while the average true range (ATR) is currently pointing at 0.95. The average price target for the stock over the next 12 months is $9, with the estimates having a low of $9 and a high of $9. These price ends are 11.59% and 11.59% off the current price level respectively, although investors could be excited at the prospect of a 11.59% if the NN share price touches on the median price of $9.
