Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of NextNav Inc (NASDAQ: NN) was $16.11 for the day, up 1.32% from the previous closing price of $15.90. In other words, the price has increased by $1.32 from its previous closing price. On the day, 0.88 million shares were traded. NN stock price reached its highest trading level at $16.3 during the session, while it also had its lowest trading level at $15.7701.
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 5.01 and its Current Ratio is at 5.01. In the meantime, Its Debt-to-Equity ratio is 1.08 whereas as Long-Term Debt/Eq ratio is at 1.04.
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, B. Riley Securities on November 14, 2024, Reiterated its Buy rating but revised its target price to $20 from $12 previously.
On January 06, 2022, R. F. Lafferty started tracking the stock assigning a Buy rating and target price of $16.R. F. Lafferty initiated its Buy rating on January 06, 2022, with a $16 target price.
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 Dec 19 ’24 when Shams Sammaad sold 102 shares for $16.54 per share. The transaction valued at 1,687 led to the insider holds 60,695 shares of the business.
SAMMAAD SHAMS bought 102 shares of NN for $1,680 on Dec 19 ’24. On Dec 16 ’24, another insider, Raghupathy Arun, who serves as the Officer of the company, bought 3,332 shares for $18.32 each.
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 2103563392 and an Enterprise Value of 2060134784. For the stock, the TTM Price-to-Sale (P/S) ratio is 429.71 while its Price-to-Book (P/B) ratio in mrq is 31.34. Its current Enterprise Value per Revenue stands at 415.099 whereas that against EBITDA is -34.104.
Stock Price History:
Over the past 52 weeks, NN has reached a high of $18.54, while it has fallen to a 52-week low of $3.55. The 50-Day Moving Average of the stock is 6.70%, while the 200-Day Moving Average is calculated to be 67.85%.
Shares Statistics:
NN traded an average of 1.10M shares per day over the past three months and 1335260 shares per day over the past ten days. A total of 127.55M shares are outstanding, with a floating share count of 48.14M. Insiders hold about 63.13% of the company’s shares, while institutions hold 29.87% stake in the company. Shares short for NN as of 1734048000 were 12520470 with a Short Ratio of 11.38, compared to 1731628800 on 13683865. Therefore, it implies a Short% of Shares Outstanding of 12520470 and a Short% of Float of 16.02.
