Currently, NextNav Inc [NN] is trading at $6.58, down -4.78%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NN shares have gain 16.25% over the last week, with a monthly amount glided 65.74%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Announced Transaction to Acquire Additional 900 MHz Spectrum Licenses.
From an analyst’s perspective:
NextNav Inc [NASDAQ: NN] stock has seen the most recent analyst activity on August 12, 2022, when Oppenheimer downgraded its rating to a Perform. Previously, R. F. Lafferty started tracking the stock with Buy rating on January 06, 2022, and set its price target to $16.
This stock has fluctuated between a low of $1.74 and a high of $7.14 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. NextNav Inc [NASDAQ: NN] shares were valued at $6.58 at the most recent close of the market. An investor can expect a potential return of 36.78% based on the average NN price forecast.
Analyzing the NN fundamentals
Trailing Twelve Months sales for NextNav Inc [NASDAQ:NN] were 3.86M which represents 50.06% growth. Gross Profit Margin for this corporation currently stands at -2.63% with Operating Profit Margin at -16.45%, Pretax Profit Margin comes in at -18.52%, and Net Profit Margin reading is -18.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.44, Equity is -0.85 and Total Capital is -0.42. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.35 points at the first support level, and at 6.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.88, and for the 2nd resistance point, it is at 7.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NextNav Inc [NASDAQ:NN] is 9.31. As well, the Quick Ratio is 9.31, while the Cash Ratio is 8.35. Considering the valuation of this stock, the price to sales ratio is 189.54, the price to book ratio is 9.29.
Transactions by insiders
Recent insider trading involved SUBIN NEIL S, Director, that happened on Mar 20 ’24 when 50000.0 shares were purchased. Director, SUBIN NEIL S completed a deal on Mar 19 ’24 to buy 50000.0 shares. Meanwhile, General Counsel Lantz Robert sold 2032.0 shares on Mar 19 ’24.
