NextNav (NASDAQ:NN) Reaches New 1-Year High - Time to Buy?

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

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.