Currently, there are 49.95M common shares owned by the public and among those 43.95M shares have been available to trade.
The company’s stock has a 5-day price change of -15.41% and -29.95% over the past three months. NNBR shares are trading -17.74% year to date (YTD), with the 12-month market performance down to -35.95% lower. It has a 12-month low price of $2.38 and touched a high of $5.40 over the same period. NNBR has an average intraday trading volume of 127.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.75%, -25.33%, and -25.58% respectively.
Institutional ownership of NN Inc (NASDAQ: NNBR) shares accounts for 66.21% of the company’s 49.95M shares outstanding.
It has a market capitalization of $134.35M and a beta (3y monthly) value of 3.02. The earnings-per-share (ttm) stands at -$1.10. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.83% over the week and 9.97% over the month.
Earnings per share for the fiscal year are expected to decrease by -42.53%, and 37.10% over the next financial year.
Looking at the support for the NNBR, a number of firms have released research notes about the stock. Noble Capital Markets stated their Outperform rating for the stock in a research note on April 15, 2024, with the firm’s price target at $6. Lake Street coverage for the NN Inc (NNBR) stock in a research note released on August 07, 2023 offered a Buy rating with a price target of $4. CJS Securities on their part issued Market Outperform rating on September 22, 2020.
