The price of NN Inc (NASDAQ: NNBR) closed at $4.16 in the last session, down -17.95% from day before closing price of $5.07. In other words, the price has decreased by -$0.9100 from its previous closing price. On the day, 687697 shares were traded. NNBR stock price reached its highest trading level at $5.1300 during the session, while it also had its lowest trading level at $4.0100.
Ratios:
We take a closer look at NNBR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 2.24. In the meantime, Its Debt-to-Equity ratio is 1.02 whereas as Long-Term Debt/Eq ratio is at 0.97.
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 the company, Lake Street on August 07, 2023, Upgraded its rating to Buy and sets its target price to $4 from $2 previously.
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 Nov 30 ’23 when Gautam Rajeev bought 50,000 shares for $2.37 per share. The transaction valued at 118,650 led to the insider holds 50,000 shares of the business.
Faria Joao V bought 30,000 shares of NNBR for $52,161 on May 25 ’23. The Director now owns 227,963 shares after completing the transaction at $1.74 per share. On May 22 ’23, another insider, Corre Partners Management, LLC, who serves as the 10% Owner of the company, bought 13,099 shares for $1.25 each. As a result, the insider paid 16,370 and bolstered with 5,727,526 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 204.53M and an Enterprise Value of 388.58M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.40 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 0.79 whereas that against EBITDA is 17.77.
Stock Price History:
Over the past 52 weeks, NNBR has reached a high of $5.40, while it has fallen to a 52-week low of $0.97. The 50-Day Moving Average of the stock is 4.5262, while the 200-Day Moving Average is calculated to be 2.8563.
Shares Statistics:
According to the various share statistics, NNBR traded on average about 161.70K shares per day over the past 3-months and 217.49k shares per day over the past 10 days. A total of 43.86M shares are outstanding, with a floating share count of 43.52M. Insiders hold about 8.09% of the company’s shares, while institutions hold 55.91% stake in the company. Shares short for NNBR as of Feb 29, 2024 were 1.48M with a Short Ratio of 9.17, compared to 1.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.13% and a Short% of Float of 3.71%.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.21.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.07, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.16 and -$0.2 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.11, with 2 analysts recommending between -$0.07 and -$0.16.
Revenue Estimates
According to 1 analysts, the current quarter’s revenue is expected to be $121.1M. It ranges from a high estimate of $121.1M to a low estimate of $121.1M. As of the current estimate, NN Inc’s year-ago sales were $127.09M, an estimated decrease of -4.70% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $122.5M, a decrease of -2.20% over than the figure of -$4.70% in the same quarter last year. There is a high estimate of $122.5M for the next quarter, whereas the lowest estimate is $122.5M.
A total of 2 analysts have provided revenue estimates for NNBR’s current fiscal year. The highest revenue estimate was $496.04M, while the lowest revenue estimate was $490.6M, resulting in an average revenue estimate of $493.32M. In the same quarter a year ago, actual revenue was $489.27M, up 0.80% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $522.4M in the next fiscal year. The high estimate is $525.8M and the low estimate is $519M. The average revenue growth estimate for next year is up 5.90% from the average revenue estimate for this year.
