Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of NextNav Inc (NASDAQ: NN) closed at $8.66 in the last session, up 3.10% from day before closing price of $8.40. In other words, the price has increased by $3.10 from its previous closing price. On the day, 0.69 million shares were traded. NN stock price reached its highest trading level at $8.83 during the session, while it also had its lowest trading level at $8.35.
Ratios:
We take a closer look at NN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 9.31 and its Current Ratio is at 9.31. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.81.
On January 06, 2022, R. F. Lafferty started tracking the stock assigning a Buy rating and target price of $16.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 20 ’24 when SUBIN NEIL S bought 50,000 shares for $4.72 per share. The transaction valued at 236,000 led to the insider holds 2,115,213 shares of the business.
SUBIN NEIL S bought 50,000 shares of NN for $238,000 on Mar 19 ’24. The Director now owns 2,065,213 shares after completing the transaction at $4.76 per share. On Mar 19 ’24, another insider, Lantz Robert, who serves as the General Counsel of the company, sold 2,032 shares for $4.75 each. As a result, the insider received 9,652 and left with 88,401 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 974708992 and an Enterprise Value of 915640832. For the stock, the TTM Price-to-Sale (P/S) ratio is 252.51 while its Price-to-Book (P/B) ratio in mrq is 12.22. Its current Enterprise Value per Revenue stands at 237.09 whereas that against EBITDA is -15.508.
Stock Price History:
Over the past 52 weeks, NN has reached a high of $8.57, while it has fallen to a 52-week low of $1.91. The 50-Day Moving Average of the stock is 54.35%, while the 200-Day Moving Average is calculated to be 87.65%.
Shares Statistics:
According to the various share statistics, NN traded on average about 913.12K shares per day over the past 3-months and 850100 shares per day over the past 10 days. A total of 111.13M shares are outstanding, with a floating share count of 28.29M. Insiders hold about 74.86% of the company’s shares, while institutions hold 20.19% stake in the company. Shares short for NN as of 1711584000 were 9864798 with a Short Ratio of 10.80, compared to 1709164800 on 8535655. Therefore, it implies a Short% of Shares Outstanding of 9864798 and a Short% of Float of 16.409999.
