It’s Not A Fantasy To Think That NextNav Inc (NN) Has Big Future Potential

NextNav Inc (NASDAQ:NN) currently has a daily average trading volume of 926.14K but it saw 1291020 shares traded in last market. With a market cap of 943.17M USD, the company’s current market price of $8.38 came falling about -2.44 while comparing to the previous closing price of $8.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.50 and as low as $2.01.

Taking a look at 20-day trading activity of NextNav Inc (NN) gives us an average price of $8.43, while its current price level is -11.79% below from 52-week high level whereas it is 316.92% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.73 while that of 200 days or SMA-200 reads an average of $4.97. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.35% during that period while stretching the period over a month that increases to 7.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.07 which implies that the stock is in neutral territory.

Over the week, NN’s stock price is moving -7.91% down while it is 10.26% when we observe its performance for the past one month. Year-to-date it is 88.31% up and over the past year, the stock is showing an upside performance of 293.43%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.15 beat the consensus estimate of -0.17 for the same. In next quarter, company is expected to be making quarterly sales of $1.73M as analysts are expecting the sales for current fiscal year at $7.63M and seeing the company making $17.47M in sales next year. Moreover, analysts are in estimates of $1.22M for current-quarter revenue.

Currently, NextNav Inc’s total number of outstanding shares is 111.13M. Company’s return on investment (ROI) stands at -50.40% and return on equity (ROE) at -80.26%. Stock’s beta reads 1.14. Stock has a price to book (P/B) ratio of 11.83 while price to sale or P/S ratio amounts to 244.34. Its return on asset (ROA) is -50.17% on average.