NextNav Inc (NASDAQ:NN) price on Friday, June 13, rose 2.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.87.
A look at the stock’s price movement, the close in the last trading session was $12.52. Turning to its 52-week performance, $18.54 and $6.47 were the 52-week high and 52-week low respectively. Overall, NN moved -3.16% over the past month.
NextNav Inc’s market cap currently stands at around $1.70 billion, with investors looking forward to this quarter’s earnings report slated for in July.
NN’s current price about 2.65% and 3.36% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.38, while 7-day volatility ratio is 2.40% and 3.44% in the 30-day chart. Further, NextNav Inc (NN) has a beta value of 1.00, and an average true range (ATR) of 0.77. 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 30.07% off current price level while to achieve the yearly target high, price needs to move 30.07%. Nonetheless, investors will most likely welcome a 30.07% 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 1.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 132.28 million shares.
The 54.01% of NextNav Inc’s shares are in the hands of company insiders while institutional holders own 43.89% of the company’s shares. Current price change has pushed the stock -17.29% 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.
