NextNav Inc (NASDAQ:NN) price on Thursday, March 20, rose 0.34% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.84.
A look at the stock’s price movement, the close in the last trading session was $11.80, moving within a range at $11.46 and $12.2669. The beta value (5-Year monthly) was 1.177. Turning to its 52-week performance, $18.54 and $4.50 were the 52-week high and 52-week low respectively. Overall, NN moved -3.35% over the past month.
NextNav Inc’s market cap currently stands at around $1.56 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-11.
Analysts have a consensus estimate of 1.87M for the company’s revenue for the quarter, with a low and high estimate of 1.68M and 2.06M respectively. The average forecast suggests up to a 78.73% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.87M, representing a 38.81% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NN is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
NN’s current price about 8.98% and 0.37% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.37, while 7-day volatility ratio is 7.91% and 9.87% in the 30-day chart. Further, NextNav Inc (NN) has a beta value of 1.09, and an average true range (ATR) of 1.01. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is 23.99% off current price level while to achieve the yearly target high, price needs to move 23.99%. Nonetheless, investors will most likely welcome a 23.99% jump to $9 which is the analysts’ median price.
If we refocus on NextNav Inc (NASDAQ:NN), historical trading data shows that trading volumes averaged 1.78 over the past 10 days and 1.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 131.14 million shares.
The 54.84% of NextNav Inc’s shares are in the hands of company insiders while institutional holders own 36.68% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.76 million on 2025-02-28, giving us a short ratio of 14.16. The data shows that as of 2025-02-28 short interest in NextNav Inc (NN) stood at 1761.0 of shares outstanding, with shares short rising to 13.48 million registered in 2025-01-31. Current price change has pushed the stock -23.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NN stock continues to rise going into the next quarter.
