NextNav Inc (NN): Uncovering A True Diamond In The Rough

NextNav Inc (NASDAQ:NN) currently has a daily average trading volume of 791.43K but it saw 1136767 shares traded in last market. With a market cap of 949.93M USD, the company’s current market price of $7.52 came rising about 4.59 while comparing to the previous closing price of $7.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.50 and as low as $3.55. In the recent trading on the day, stock has struck highest price mark of $7.21 while lowest mark touched by it was $7.65.

Taking a look at 20-day trading activity of NextNav Inc (NN) gives us an average price of $7.27, while its current price level is -20.84% below from 52-week high level whereas it is 111.83% 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 $7.87 while that of 200 days or SMA-200 reads an average of $6.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.70% during that period while stretching the period over a month that increases to 8.02%. 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 51.17 which implies that the stock is in neutral territory.

Over the week, NN’s stock price is moving 15.07% up while it is -9.51% when we observe its performance for the past one month. Year-to-date it is 68.99% up and over the past year, the stock is showing an upside performance of 72.87%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.21 beaten by the consensus estimate of -0.13 for the same. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of -0.15 while estimate for next year EPS is -0.81. In next quarter, company is expected to be making quarterly sales of $1.31M as analysts are expecting the sales for current fiscal year at $4.57M and seeing the company making $7.36M in sales next year. Moreover, analysts are in estimates of $1.1M for current-quarter revenue.

Currently, NextNav Inc’s total number of outstanding shares is 111.13M. Company’s return on investment (ROI) stands at -72.86% and return on equity (ROE) at -123.31%. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 14.59 while price to sale or P/S ratio amounts to 216.88. Its return on asset (ROA) is -57.29% on average.