NextNav Inc (NASDAQ: NN) on Monday, soared 9.36% from the previous trading day, before settling in for the closing price of $10.47. Within the past 52 weeks, NN’s price has moved between $3.55 and $10.55.
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During the last 5-year period, the sales growth of Technology Sector giant was 149.00%. The company achieved an average annual earnings per share of -24.75%. With a float of $44.99 million, this company’s outstanding shares have now reached $111.13 million.
Let’s determine the extent of company efficiency that accounts for 111 employees. In terms of profitability, gross margin is -268.22%, operating margin of -1506.53%, and the pretax margin is -2177.0%.
NextNav Inc (NN) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of NextNav Inc is 64.38%, while institutional ownership is 25.68%. The most recent insider transaction that took place on Sep 19 ’24, was worth 5,799. Before that another transaction happened on Sep 19 ’24, when Company’s Chief Accounting Officer sold 735 for $7.89, making the entire transaction worth $5,799. This insider now owns 61,353 shares in total.
NextNav Inc (NN) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.21 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.13) by -0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -24.75% per share during the next fiscal year.
NextNav Inc (NASDAQ: NN) Trading Performance Indicators
NextNav Inc (NN) is currently performing well based on its current performance indicators. A quick ratio of 5.93 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 330.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.86, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.51 in one year’s time.
Technical Analysis of NextNav Inc (NN)
Looking closely at NextNav Inc (NASDAQ: NN), its last 5-days average volume was 1.04 million, which is a jump from its year-to-date volume of 0.83 million. As of the previous 9 days, the stock’s Stochastic %D was 88.41%. Additionally, its Average True Range was 0.52.
During the past 100 days, NextNav Inc’s (NN) raw stochastic average was set at 93.26%, which indicates a significant increase from 91.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.10% in the past 14 days, which was lower than the 63.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.81, while its 200-day Moving Average is $6.99. However, in the short run, NextNav Inc’s stock first resistance to watch stands at $11.97. Second resistance stands at $12.48. The third major resistance level sits at $13.16. If the price goes on to break the first support level at $10.78, it is likely to go to the next support level at $10.10. Should the price break the second support level, the third support level stands at $9.59.
NextNav Inc (NASDAQ: NN) Key Stats
Market capitalization of the company is 1.45 billion based on 122,433K outstanding shares. Right now, sales total 3,860 K and income totals -71,740 K. The company made 1,110 K in profit during its latest quarter, and -24,390 K in sales during its previous quarter.
