NextNav Inc. (NASDAQ:NN – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $10.83 and last traded at $10.79, with a volume of 8550 shares. The stock had previously closed at $10.47.
NextNav Price Performance
The company’s fifty day moving average is $7.74 and its two-hundred day moving average is $7.91. The company has a debt-to-equity ratio of 0.80, a quick ratio of 5.93 and a current ratio of 5.93. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -13.09 and a beta of 1.06.
NextNav (NASDAQ:NN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). The company had revenue of $1.11 million for the quarter, compared to the consensus estimate of $1.63 million. NextNav had a negative net margin of 2,181.52% and a negative return on equity of 134.05%. During the same quarter last year, the company earned ($0.15) earnings per share. Equities research analysts forecast that NextNav Inc. will post -0.8 EPS for the current year.
Insider Buying and Selling
Institutional Investors Weigh In On NextNav
A number of hedge funds have recently made changes to their positions in NN. Vanguard Group Inc. lifted its holdings in NextNav by 37.7% in the first quarter. Vanguard Group Inc. now owns 3,238,196 shares of the company’s stock worth $21,307,000 after purchasing an additional 887,075 shares during the period. Wolf Hill Capital Management LP lifted its stake in shares of NextNav by 14.6% in the 2nd quarter. Wolf Hill Capital Management LP now owns 2,123,062 shares of the company’s stock worth $17,218,000 after acquiring an additional 269,754 shares during the period. Empyrean Capital Partners LP lifted its stake in shares of NextNav by 56.6% in the 2nd quarter. Empyrean Capital Partners LP now owns 660,845 shares of the company’s stock worth $5,359,000 after acquiring an additional 238,845 shares during the period. Ingalls & Snyder LLC boosted its holdings in shares of NextNav by 20.7% in the second quarter. Ingalls & Snyder LLC now owns 296,900 shares of the company’s stock valued at $2,408,000 after acquiring an additional 51,000 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in shares of NextNav by 4.7% during the first quarter. Ancora Advisors LLC now owns 265,797 shares of the company’s stock valued at $1,749,000 after acquiring an additional 12,000 shares during the period. Institutional investors own 79.16% of the company’s stock.
About NextNav
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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