NextNav Inc. (NASDAQ:NN) saw an upside of 3.09% to $3.00 after adding $0.09 on Wednesday. The 5-day average trading volume is 478,991 shares of the company’s common stock. It has gained $3.04 in the past week and touched a new high 4 times within the past 5 days. An average of 401,043 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 383,253.
NN’s 1-month performance is 0.69% or $0.20 on its low of $2.43 reached on 01/20/23. The company’s shares have touched a 52-week low of $1.85 and high of $8.47, with the stock’s rally to the 52-week high happening on 01/11/23. YTD, NN has lost -0.68% or $0.07 and has reached a new high 3 times. However, the current price is down -64.58% from the 52-week high price.
NN stock investors last saw insider trading activity on Jan 12.Knutson David L. (SVP, Operations & Deployment) most recently sold 10,000 shares at $3.04 per share on Jan 12. This transaction cost the insider $30,400. Corporate Controller, Shams Sammaad, sold 1,216 shares at a price of $2.90 on Dec 14.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 93.25 while the price-to-book (PB) in the most recent quarter is 3.20.
NextNav Inc.’s quick ratio for the period ended September 29 was 8.30, with the current ratio over the same period at 8.30. The firm’s gross profit as reported stood at -$17.63 million against revenue of $0.76 million.
For the quarterly period ending September 29 this year, NextNav Inc.’s cash and short-term investments amounted to $8.17 million against total debt of $8.36 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to -$18.73 million, while revenue of $0.83 million was 104.43% off the previous quarter. Analysts expected NN to announce -$0.15 per share in earnings in its latest quarter, but it posted -$0.18, representing a -20.00% surprise. EBITDA for the quarter stood at more than -$17.05 million. NN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 21.43 million, with total debt at $8.36 million. Shareholders hold equity totaling $106.38 million.
Let’s look briefly at NextNav Inc. (NN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 56.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 75.96%.
The stock’s 5-day moving average is $2.79, reflecting a +11.11% or $0.30 change from its current price. NN is currently trading +7.14% above its 20-day SMA, -11.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.83% and SMA200 by-59.24%.
Stochastic %K and %D was 62.72% and 47.86% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 53.10%, while the 14-day stochastic is at 75.00% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.07 and -0.01 on the 14-day charts.
In the most recent analyst report for NextNav Inc. (NASDAQ: NN), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for NN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is NN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $9.00 and a high of $12.00, with their median price target at $10.50. Looking at these predictions, the average price target given by analysts is for NextNav Inc. (NN) stock is $10.50.