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As of close of business last night, NN Inc’s stock clocked out at $2.69, up 12.08% from its previous closing price of $2.40. In other words, the price has increased by $12.08 from its previous closing price. On the day, 25.83 million shares were traded. NNBR stock price reached its highest trading level at $4.67 during the session, while it also had its lowest trading level at $2.45.
Ratios:
To gain a deeper understanding of NNBR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.18 and its Current Ratio is at 1.96. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 0.94.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Noble Capital Markets on April 15, 2024, initiated with a Outperform rating and assigned the stock a target price of $6.
On August 07, 2023, Lake Street Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $2 to $4.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 19 ’24 when BENVENUTI RAYNARD D. bought 10,000 shares for $3.74 per share. The transaction valued at 37,400 led to the insider holds 301,104 shares of the business.
HARMAN JERI J bought 6,849 shares of NNBR for $24,930 on Aug 16 ’24. The Director now owns 308,265 shares after completing the transaction at $3.64 per share. On Aug 16 ’24, another insider, Carroll Christina, who serves as the Director of the company, bought 5,702 shares for $3.51 each. As a result, the insider paid 20,013 and bolstered with 266,999 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, NNBR now has a Market Capitalization of 134355552 and an Enterprise Value of 417851648. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 0.888 whereas that against EBITDA is 14.456.
Stock Price History:
The Beta on a monthly basis for NNBR is 3.02, which has changed by -0.37172776 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, NNBR has reached a high of $5.40, while it has fallen to a 52-week low of $2.38. The 50-Day Moving Average of the stock is -25.33%, while the 200-Day Moving Average is calculated to be -25.58%.
Shares Statistics:
It appears that NNBR traded 127.44K shares on average per day over the past three months and 177370 shares per day over the past ten days. A total of 49.95M shares are outstanding, with a floating share count of 43.95M. Insiders hold about 12.00% of the company’s shares, while institutions hold 66.21% stake in the company. Shares short for NNBR as of 1735603200 were 2211620 with a Short Ratio of 17.35, compared to 1732838400 on 1812523. Therefore, it implies a Short% of Shares Outstanding of 2211620 and a Short% of Float of 5.6500003.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.21.
