NextNav (NN) Scheduled to Post Quarterly Earnings on Wednesday

NextNav (NASDAQ:NN - Get Free Report) is set to issue its quarterly earnings data after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

NextNav (NASDAQ:NN - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.63 million. During the same period in the previous year, the business posted ($0.15) EPS. On average, analysts expect NextNav to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NextNav Stock Performance

Shares of NASDAQ:NN traded up $0.64 on Wednesday, hitting $13.50. The company had a trading volume of 933,255 shares, compared to its average volume of 834,914. The business has a 50 day moving average of $8.45 and a 200 day moving average of $8.12. NextNav has a 52-week low of $3.55 and a 52-week high of $13.78. The company has a quick ratio of 5.93, a current ratio of 5.93 and a debt-to-equity ratio of 0.80.

Insider Activity at NextNav

In related news, Director Neil S. Subin purchased 100,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were purchased 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 of the company's stock, valued at approximately $16,367,273.96. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Neil S. Subin acquired 100,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $6.92 per share, for a total transaction of $692,000.00. Following the completion of the purchase, the director now directly owns 2,365,213 shares in the company, valued at $16,367,273.96. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Neil S. Subin purchased 125,000 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was bought at an average cost of $6.93 per share, for a total transaction of $866,250.00. Following the purchase, the director now directly owns 2,490,213 shares in the company, valued at $17,257,176.09. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 11.30% of the stock is owned by insiders.

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.