NextNav Inc (NASDAQ: NN) closed the day trading at $4.73 up 12.35% from the previous closing price of $4.21. In other words, the price has increased by $+0.5200 from its previous closing price. On the day, 2004578 shares were traded.
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Ratios:
For a better understanding of NN, let’s look at its different ratios. 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:
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 Feb 01 ’24 when Lantz Robert sold 336 shares for $4.16 per share. The transaction valued at 1,398 led to the insider holds 44,343 shares of the business.
Knutson David L. sold 1,002 shares of NN for $4,148 on Jan 30 ’24. The Senior Vice President now owns 654,657 shares after completing the transaction at $4.14 per share. On Jan 22 ’24, another insider, SAMBERG JOSEPH D, who serves as the 10% Owner of the company, bought 150,000 shares for $3.96 each. As a result, the insider paid 594,435 and bolstered with 9,500,000 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 527.04M and an Enterprise Value of 507.32M. For the stock, the TTM Price-to-Sale (P/S) ratio is 136.25 while its Price-to-Book (P/B) ratio in mrq is 6.68. Its current Enterprise Value per Revenue stands at 131.36 whereas that against EBITDA is -8.64.
Stock Price History:
Over the past 52 weeks, NN has reached a high of $6.07, while it has fallen to a 52-week low of $1.59. The 50-Day Moving Average of the stock is 4.1976, while the 200-Day Moving Average is calculated to be 4.1125.
Shares Statistics:
Over the past 3-months, NN traded about 854.62K shares per day on average, while over the past 10 days, NN traded about 1.6M shares per day. A total of 111.13M shares are outstanding, with a floating share count of 29.26M. Insiders hold about 73.68% of the company’s shares, while institutions hold 19.83% stake in the company. Shares short for NN as of Feb 29, 2024 were 8.54M with a Short Ratio of 9.99, compared to 8.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.75% and a Short% of Float of 14.08%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.12, while EPS last year was -$0.12. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.11 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.59 and -$0.72 for the fiscal current year, implying an average EPS of -$0.65. EPS for the following year is -$0.51, with 3 analysts recommending between -$0.36 and -$0.73.
Revenue Estimates
2 analysts predict $1.2M in revenue for the current quarter. It ranges from a high estimate of $1.2M to a low estimate of $1.2M. As of the current estimate, NextNav Inc’s year-ago sales were $803k, an estimated increase of 49.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $1.22M, an increase of 47.00% less than the figure of $49.40% in the same quarter last year. There is a high estimate of $1.23M for the next quarter, whereas the lowest estimate is $1.2M.
A total of 3 analysts have provided revenue estimates for NN’s current fiscal year. The highest revenue estimate was $4.3M, while the lowest revenue estimate was $3.86M, resulting in an average revenue estimate of $4.01M. In the same quarter a year ago, actual revenue was $3.93M, up 2.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $7.63M in the next fiscal year. The high estimate is $10.2M and the low estimate is $5.06M. The average revenue growth estimate for next year is up 90.30% from the average revenue estimate for this year.
