NN Inc (NASDAQ:NNBR) shares, rose in value on Wednesday, June 18, with the stock price up by 9.63% to the previous day’s close as strong demand from buyers drove the stock to $2.05.
Actively observing the price movement in the last trading, the stock closed the session at $1.87. Referring to stock’s 52-week performance, its high was $4.67, and the low was $1.58. On the whole, NNBR has fluctuated by -6.82% over the past month.
With the market capitalization of NN Inc currently standing at about $103.42 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NNBR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of NNBR currently trading nearly 0.32% and 3.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.39, while the 7-day volatility ratio is showing 6.58% which for the 30-day chart, stands at 5.33%. Furthermore, NN Inc (NNBR)’s beta value is 2.06, and its average true range (ATR) is 0.16.
A comparison of NN Inc (NNBR) with its peers suggests the former has fared considerably weaker in the market. NNBR showed an intraday change of 9.63% in last session, and over the past year, it shrunk by -31.67%%.
Data on historical trading for NN Inc (NASDAQ:NNBR) indicates that the trading volumes over the past 3 months, they’ve averaged 195.52K. According to company’s latest data on outstanding shares, there are 50.53 million shares outstanding.
Nearly 12.79% of NN Inc’s shares belong to company insiders and institutional investors own 68.60% of the company’s shares. The stock has fallen by -37.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NNBR stock heading into the next quarter.
