NextNav Inc. (NASDAQ:NN – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $9.50 and last traded at $9.39, with a volume of 96448 shares. The stock had previously closed at $9.39.
NextNav Stock Down 2.2 %
The company’s 50-day moving average is $6.13 and its two-hundred day moving average is $4.96. The company has a debt-to-equity ratio of 0.60, a current ratio of 9.31 and a quick ratio of 9.31. The company has a market cap of $1.03 billion, a P/E ratio of -14.23 and a beta of 1.39.
NextNav (NASDAQ:NN – Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.21 million for the quarter, compared to the consensus estimate of $1.19 million. As a group, equities analysts predict that NextNav Inc. will post -0.59 earnings per share for the current fiscal year.
Insider Transactions at NextNav
Institutional Investors Weigh In On NextNav
Several hedge funds and other institutional investors have recently modified their holdings of NN. General American Investors Co. Inc. grew its holdings in NextNav by 55.9% during the 3rd quarter. General American Investors Co. Inc. now owns 1,251,361 shares of the company’s stock worth $6,432,000 after acquiring an additional 448,884 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of NextNav in the third quarter worth $495,000. Swiss National Bank acquired a new position in shares of NextNav in the 4th quarter valued at about $335,000. Raymond James & Associates purchased a new stake in NextNav in the 4th quarter worth approximately $222,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of NextNav in the third quarter valued at approximately $156,000. 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.
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