NextNav Inc [NN] stock prices are up 6.08% to $10.47 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NN shares have gain 19.66% over the last week, with a monthly amount glided 41.68%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of NextNav Inc [NN] has been fluctuating between $3.55 and $10.49 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. NextNav Inc [NASDAQ: NN] shares were valued at $10.47 at the most recent close of the market. An investor can expect a potential drop of -14.04% based on the average NN price forecast.
Analyzing the NN fundamentals
The NextNav Inc [NASDAQ:NN] reported sales of 4.38M for trailing twelve months, representing a surge of 38.12%. Gross Profit Margin for this corporation currently stands at -2.68% with Operating Profit Margin at -15.07%, Pretax Profit Margin comes in at -21.77%, and Net Profit Margin reading is -21.82%. To continue investigating profitability, this company’s Return on Assets is posted at -0.55, Equity is -1.37 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
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 10.05 points at the first support level, and at 9.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.72, and for the 2nd resistance point, it is at 10.97.
Ratios To Look Out For
It’s worth pointing out that NextNav Inc [NASDAQ:NN]’s Current Ratio is 5.93. On the other hand, the Quick Ratio is 5.93, and the Cash Ratio is 3.58. Considering the valuation of this stock, the price to sales ratio is 301.96, the price to book ratio is 20.32.
Transactions by insiders
Recent insider trading involved Sammaad Shams, Officer, that happened on Sep 19 ’24 when 735.0 shares were purchased. Chief Accounting Officer, Shams Sammaad completed a deal on Sep 19 ’24 to sell 735.0 shares. Meanwhile, Director SUBIN NEIL S bought 0.12 million shares on Aug 26 ’24.
