NextNav Inc. (NASDAQ:NN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.60 and last traded at $8.54, with a volume of 173517 shares changing hands. The stock had previously closed at $8.40.
NextNav Trading Up 2.9 %
The company has a current ratio of 9.31, a quick ratio of 9.31 and a debt-to-equity ratio of 0.60. The firm has a market cap of $972.43 million, a PE ratio of -12.94 and a beta of 1.39. The company has a 50-day simple moving average of $5.65 and a 200 day simple moving average of $4.83.
NextNav (NASDAQ:NN – Get Free Report) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative net margin of 1,857.46% and a negative return on equity of 81.56%. The business had revenue of $1.21 million during the quarter, compared to analysts’ expectations of $1.19 million. As a group, sell-side analysts forecast that NextNav Inc. will post -0.59 earnings per share for the current fiscal year.
Insiders Place Their Bets
Institutional Investors Weigh In On NextNav
A number of large investors have recently made changes to their positions in NN. General American Investors Co. Inc. increased its position in NextNav by 55.9% during the third quarter. General American Investors Co. Inc. now owns 1,251,361 shares of the company’s stock worth $6,432,000 after purchasing an additional 448,884 shares during the last quarter. Perigon Wealth Management LLC grew its stake in shares of NextNav by 41.6% in the 4th quarter. Perigon Wealth Management LLC now owns 32,000 shares of the company’s stock valued at $142,000 after buying an additional 9,400 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NextNav during the 3rd quarter worth approximately $156,000. Kolinsky Wealth Management LLC purchased a new stake in shares of NextNav during the 3rd quarter valued at approximately $95,000. Finally, Arizona State Retirement System purchased a new position in NextNav in the fourth quarter worth approximately $47,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
NextNav Company Profile
NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.
Read More
- Five stocks we like better than NextNav
- How to Calculate Stock Profit
- Charles Schwab Fortifies its Uptrend on EPS Beat
- 3 Tickers Leading a Meme Stock Revival
- Lockheed Martin Stock Aims for a Fresh All-Time High
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for NextNav Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextNav and related companies with MarketBeat.com's FREE daily email newsletter.