NextNav Inc. (NASDAQ:NN - Get Free Report) reached a new 52-week high during 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 Stock Up 9.4 %
The business's fifty day moving average price is $7.74 and its two-hundred day moving average price 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 capitalization of $1.45 billion, a P/E ratio of -13.54 and a beta of 1.06.
NextNav (NASDAQ:NN - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.07). NextNav had a negative return on equity of 134.05% and a negative net margin of 2,181.52%. The company had revenue of $1.11 million during the quarter, compared to analysts' expectations of $1.63 million. During the same quarter in the previous year, the company earned ($0.15) EPS. Equities analysts expect that NextNav Inc. will post -0.8 earnings per share for the current fiscal year.
Insider Activity at NextNav
In other news, Director Neil S. Subin acquired 125,000 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of $6.93 per share, with a total value of $866,250.00. Following the transaction, the director now owns 2,490,213 shares in the company, valued at approximately $17,257,176.09. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Neil S. Subin acquired 125,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were purchased at an average cost of $6.93 per share, for a total transaction of $866,250.00. Following the transaction, the director now directly owns 2,490,213 shares in the company, valued at approximately $17,257,176.09. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Neil S. Subin purchased 100,000 shares of NextNav stock in a transaction dated Friday, August 23rd. The stock was acquired at an average cost of $6.92 per share, with a total value of $692,000.00. Following the completion of the acquisition, the director now directly owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 11.30% of the company's stock.
Institutional Investors Weigh In On NextNav
A number of institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of NextNav during the 3rd quarter valued at about $205,000. Aristides Capital LLC bought a new position in NextNav in the second quarter worth about $205,000. Kitching Partners LLC acquired a new position in NextNav during the 2nd quarter valued at approximately $326,000. The Manufacturers Life Insurance Company grew its position in shares of NextNav by 39.6% during the second quarter. The Manufacturers Life Insurance Company now owns 29,857 shares of the company's stock worth $242,000 after acquiring an additional 8,466 shares during the last quarter. Finally, DigitalBridge Group Inc. acquired a new stake in shares of NextNav in the second quarter valued at approximately $1,741,000. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
About NextNav
(
Get Free Report)
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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