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The closing price of NextNav Inc (NASDAQ: NN) was $13.56 for the day, down -8.93% from the previous closing price of $14.89. In other words, the price has decreased by -$8.93 from its previous closing price. On the day, 1.64 million shares were traded. NN stock price reached its highest trading level at $14.82 during the session, while it also had its lowest trading level at $13.47.
Ratios:
Our analysis of NN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.93 and its Current Ratio is at 5.93. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 1.06.
On January 06, 2022, R. F. Lafferty started tracking the stock assigning a Buy rating and target price of $16.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 19 ’24 when Sammaad Shams bought 735 shares for $7.89 per share.
Shams Sammaad sold 735 shares of NN for $5,799 on Sep 19 ’24. The Chief Accounting Officer now owns 61,353 shares after completing the transaction at $7.89 per share. On Aug 26 ’24, another insider, SUBIN NEIL S, who serves as the Director of the company, bought 125,000 shares for $6.93 each. As a result, the insider paid 866,250 and bolstered with 2,490,213 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NN now has a Market Capitalization of 1712899200 and an Enterprise Value of 1696390528. For the stock, the TTM Price-to-Sale (P/S) ratio is 391.07 while its Price-to-Book (P/B) ratio in mrq is 26.32. Its current Enterprise Value per Revenue stands at 387.039 whereas that against EBITDA is -27.703.
Stock Price History:
Over the past 52 weeks, NN has reached a high of $15.30, while it has fallen to a 52-week low of $3.55. The 50-Day Moving Average of the stock is 46.20%, while the 200-Day Moving Average is calculated to be 79.64%.
Shares Statistics:
NN traded an average of 759.78K shares per day over the past three months and 1153440 shares per day over the past ten days. A total of 111.13M shares are outstanding, with a floating share count of 44.99M. Insiders hold about 64.38% of the company’s shares, while institutions hold 25.95% stake in the company. Shares short for NN as of 1730332800 were 13578813 with a Short Ratio of 17.87, compared to 1727654400 on 15852336. Therefore, it implies a Short% of Shares Outstanding of 13578813 and a Short% of Float of 18.38.
