NextNav Inc (NASDAQ:NN) traded at $9.42 at close of the session on Friday, April 26, made an upward move of 13.97% on its previous day’s price.
Looking at the stock we see that its previous close was $8.27 . In terms of its 52-week price range, NN has a high of $8.93 and a low of $1.92. The company’s stock has gained about 36.32% over that past 30 days.
NextNav Inc has a market cap of $1.06 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.51 for 2024 and -$0.48 for next year. These figures represent 22.70% and 5.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.22 million, with a low of $1.2 million and a high of $1.23 million. The median projection represents growth squeezing down to 47.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $7.63 million, or 97.60% up from figures reported last year.
On the other hand, looking at the outlook for the NN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 22.66% off its SMA20 and 60.56% from its 50-day simple moving average. The RSI (14) is pointing at 73.14 while the volatility over the past week is 8.33% and jumps to 7.78% over the past one month. The beta value is 1.21, while the average true range (ATR) is currently pointing at 0.61.
Coming back to NextNav Inc (NASDAQ:NN), we note that the average 3-month trading volume was 913.99K. Current shares outstanding are 111.13 million.
The insiders hold 74.86% of the company’s shares while institutions hold 20.24%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 111.69% up in year-to-date price movement.
