NextNav (NN) to Release Earnings on Wednesday

NextNav (NASDAQ:NN - Get Free Report) will likely be releasing its earnings data after the market closes on Wednesday, March 12th. Analysts expect NextNav to post earnings of ($0.15) per share and revenue of $1.73 million for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

NextNav Trading Down 3.7 %

NASDAQ NN traded down $0.41 during trading hours on Friday, hitting $10.76. 1,826,834 shares of the company were exchanged, compared to its average volume of 1,373,380. NextNav has a 52 week low of $3.62 and a 52 week high of $18.54. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $12.44 and a 200 day moving average price of $11.76. The stock has a market cap of $1.40 billion, a PE ratio of -14.35 and a beta of 1.17.

Insider Buying and Selling at NextNav

In related news, CFO Christian D. Gates sold 3,918 shares of NextNav stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.65, for a total value of $69,152.70. Following the completion of the sale, the chief financial officer now directly owns 815,722 shares in the company, valued at $14,397,493.30. The trade was a 0.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Arun Raghupathy sold 3,332 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $18.32, for a total transaction of $61,042.24. Following the transaction, the senior vice president now owns 1,087,019 shares in the company, valued at approximately $19,914,188.08. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,908 shares of company stock worth $141,851 over the last 90 days. Company insiders own 15.70% of the company's stock.

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Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on shares of NextNav from $12.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, November 14th.

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.