On Tuesday, NN Inc (NASDAQ: NNBR) opened higher 12.08% from the last session, before settling in for the closing price of $2.40. Price fluctuations for NNBR have ranged from $2.38 to $5.40 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 0.39%. Company’s average yearly earnings per share was noted -42.53% at the time writing. With a float of $43.95 million, this company’s outstanding shares have now reached $49.95 million.
Let’s determine the extent of company efficiency that accounts for 2926 employees. In terms of profitability, gross margin is 7.77%, operating margin of -3.96%, and the pretax margin is -9.58%.
NN Inc (NNBR) Insider Activity
A key investor’s attitude towards the stock of the Conglomerates industry is another important factor to consider. The insider ownership of NN Inc is 12.00%, while institutional ownership is 66.21%. The most recent insider transaction that took place on Aug 19 ’24, was worth 37,400. In this transaction Director of this company bought 10,000 shares at a rate of $3.74, taking the stock ownership to the 301,104 shares. Before that another transaction happened on Aug 16 ’24, when Company’s Director bought 6,849 for $3.64, making the entire transaction worth $24,930. This insider now owns 308,265 shares in total.
NN Inc (NNBR) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -42.53% per share during the next fiscal year.
NN Inc (NASDAQ: NNBR) Trading Performance Indicators
Check out the current performance indicators for NN Inc (NNBR). In the past quarter, the stock posted a quick ratio of 1.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.10, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.26 in one year’s time.
Technical Analysis of NN Inc (NNBR)
Looking closely at NN Inc (NASDAQ: NNBR), its last 5-days average volume was 5.3 million, which is a jump from its year-to-date volume of 3.37 million. As of the previous 9 days, the stock’s Stochastic %D was 5.50%. Additionally, its Average True Range was 0.35.
During the past 100 days, NN Inc’s (NNBR) raw stochastic average was set at 13.54%, which indicates a significant increase from 13.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.20% in the past 14 days, which was higher than the 65.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.60, while its 200-day Moving Average is $3.61. However, in the short run, NN Inc’s stock first resistance to watch stands at $4.09. Second resistance stands at $5.49. The third major resistance level sits at $6.31. If the price goes on to break the first support level at $1.87, it is likely to go to the next support level at $1.05.
NN Inc (NASDAQ: NNBR) Key Stats
There are currently 49,946K shares outstanding in the company with a market cap of 134.35 million. Presently, the company’s annual sales total 489,270 K according to its annual income of -50,150 K. Last quarter, the company’s sales amounted to 113,590 K and its income totaled -2,560 K.
