The trading price of NextNav Inc (NASDAQ:NN) closed higher on Tuesday, March 25, and closing at $13.44, 5.33% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $12.56 and $13.51. 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 $6.19. Over the past month, the stock has gained 19.57% in value.
NextNav Inc, whose market valuation is $1.77 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Mar-11. 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 -0.5 for current year and -0.43 for next year.
Analysts have forecast the company to bring in revenue of 1.87M for the current quarter, with the likely lows of 1.68M and highs of 2.06M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 7.87M.
On the technical side, indicators suggest NN has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that NN’s price is currently 21.22% off the SMA20 and 13.99% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.83, and weekly volatility stands at 7.51%. When measured over the past 30 days, the indicator reaches 9.78%. NextNav Inc (NASDAQ:NN)’s beta value is currently sitting at 1.08, while the Average True Range indicator is currently displaying 0.99. 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 33.04% off the estimated low and 33.04% 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 33.04% 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 5.33% in the latest trading, and 137.46% in the past year.
An evaluation of the daily trading volume of NextNav Inc (NASDAQ:NN) indicates that the 3-month average is 1.44 million. However, this figure has increased over the past 10 days to an average of 1.82.
Currently, records show that 131.14 million of the company’s shares remain outstanding. The insiders hold 55.00% of outstanding shares, whereasinstitutions hold 36.68%. The stats also highlight that short interest as of 2025-02-28, stood at 13.76 million shares, resulting in a short ratio of 14.16 at that time. From this, we can conclude that short interest is 1761.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 13.48 million. However, since the stock’s price has seen -13.62% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
