Analysts Update Their Price Forecasts For NextNav Inc (NN)

NextNav Inc (NN) concluded trading on Thursday at a closing price of $14.15, with 3.82 million shares of worth about $54.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 73.62% during that period and on November 14, 2024 the price saw a gain of about 4.35%. Currently the company’s common shares owned by public are about 111.13M shares, out of which, 44.99M shares are available for trading.

Stock saw a price change of 1.29% in past 5 days and over the past one month there was a price change of 76.87%. Year-to-date (YTD), NN shares are showing a performance of 217.98% which increased to 180.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.55 but also hit the highest price of $15.30 during that period. The average intraday trading volume for NextNav Inc shares is 774.83K. The stock is currently trading 16.58% above its 20-day simple moving average (SMA20), while that difference is up 50.43% for SMA50 and it goes to 86.23% higher than SMA200.

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NextNav Inc (NASDAQ: NN) currently have 111.13M outstanding shares and institutions hold larger chunk of about 27.07% of that.

The stock has a current market capitalization of $1.79B and its 3Y-monthly beta is at 0.99. It has posted earnings per share of -$0.75 in the same period. It has Quick Ratio of 5.01 while making debt-to-equity ratio of 1.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NN, volatility over the week remained 10.22% while standing at 7.57% over the month.

Stock’s fiscal year EPS is expected to drop by -19.19% while it is estimated to increase by 41.53% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on Nov-15-24 offering a Buy rating for the stock and assigned a target price range of between $12 and $20 to it.

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