Beyond market averages, investors looking for exceptional returns turn to stock picking. Skillful choices in individual stocks have the power to substantially increase your wealth.
After finishing at $2.89 in the prior trading day, NN Inc (NASDAQ: NNBR) closed at $2.65, down -8.30%. In other words, the price has decreased by -$8.30 from its previous closing price. On the day, 0.18 million shares were traded. NNBR stock price reached its highest trading level at $2.87 during the session, while it also had its lowest trading level at $2.6499.
Ratios:
Our goal is to gain a better understanding of NNBR by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 132357696 and an Enterprise Value of 415853792. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 0.884 whereas that against EBITDA is 14.386.
Stock Price History:
The Beta on a monthly basis for NNBR is 3.00, which has changed by -0.36904764 over the last 52 weeks, in comparison to a change of 0.23806548 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 $2.84. The 50-Day Moving Average of the stock is -28.13%, while the 200-Day Moving Average is calculated to be -27.37%.
Shares Statistics:
The stock has traded on average 121.34K shares per day over the past 3-months and 164440 shares per day over the last 10 days, according to various share statistics. 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 1734048000 were 1830938 with a Short Ratio of 15.09, compared to 1731628800 on 1884109. Therefore, it implies a Short% of Shares Outstanding of 1830938 and a Short% of Float of 4.68.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 2.21.
Earnings Estimates
The market rating for NN Inc (NNBR) is a result of the insights provided by 3.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.18 and -$0.21 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.01, with 4.0 analysts recommending between $0.05 and -$0.11.
Revenue Estimates
3 analysts predict $108.6M in revenue for the current quarter. It ranges from a high estimate of $110M to a low estimate of $107.3M. As of the current estimate, NN Inc’s year-ago sales were $112.53MFor the next quarter, 3 analysts are estimating revenue of $115.83M. There is a high estimate of $119.59M for the next quarter, whereas the lowest estimate is $110M.
A total of 3 analysts have provided revenue estimates for NNBR’s current fiscal year. The highest revenue estimate was $467.8M, while the lowest revenue estimate was $465.1M, resulting in an average revenue estimate of $466.39M. In the same quarter a year ago, actual revenue was $489.27MBased on 3 analysts’ estimates, the company’s revenue will be $469.6M in the next fiscal year. The high estimate is $478.79M and the low estimate is $460M.
