NextNav (NN) Stock Price, News & Analysis

Company Overview

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. The company also provides TerraPoiNT, an 3D PNT system, provides positioning, navigation and timing services provided by GPS through a land-based GPS satellite constellation. It serves Wi-Fi, telecom, public safety, gaming and location apps, and critical infrastructure applications. NextNav Inc. was founded in 2007 and is headquartered in McLean, Virginia.

Key Stats

• Today's Range: $15.05 to $16.83
• 50-Day Range: $7.80 to $18.00
• 52-Week Range: $3.55 to $18.54
• Volume: 3.33 million shs
• Average Volume: 899,719 shs
• Market Capitalization: $2.04 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $20.00
• Consensus Rating: Buy

NextNav Stock Analysis - MarketRank™

NextNav scored higher than 53% of companies evaluated by MarketBeat, and ranked 239th out of 330 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

NextNav has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

NextNav has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for NextNav are expected to grow in the coming year, from ($0.74) to ($0.46) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of NextNav is -20.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of NextNav is -20.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

NextNav has a P/B Ratio of 21.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.33% of the outstanding shares of NextNav have been sold short.

Short Interest Ratio / Days to Cover

NextNav has a short interest ratio ("days to cover") of 13.3, which indicates bearish sentiment.

Change versus previous month

Short interest in NextNav has recently decreased by 10.96%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

NextNav does not currently pay a dividend.

Dividend Growth

NextNav does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.33% of the outstanding shares of NextNav have been sold short.

Short Interest Ratio / Days to Cover

NextNav has a short interest ratio ("days to cover") of 13.3, which indicates bearish sentiment.

Change versus previous month

Short interest in NextNav has recently decreased by 10.96%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.22

News Sentiment

NextNav has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for NextNav this week, compared to 3 articles on an average week.

Search Interest

Only 5 people have searched for NN on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added NextNav to their MarketBeat watchlist in the last 30 days. This is a decrease of -82% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, NextNav insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,442,705.00 in company stock.

Percentage Held by Insiders

15.70% of the stock of NextNav is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

79.16% of the stock of NextNav is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NN Stock Analysis - Frequently Asked Questions

How have NN shares performed this year?

NextNav's stock was trading at $4.45 at the start of the year. Since then, NN stock has increased by 250.6% and is now trading at $15.60.
View the best growth stocks for 2024 here.

How were NextNav's earnings last quarter?

NextNav Inc. (NASDAQ:NN) released its quarterly earnings results on Wednesday, August, 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.07. The company had revenue of $1.11 million for the quarter, compared to analyst estimates of $1.63 million. NextNav had a negative trailing twelve-month return on equity of 128.95% and a negative net margin of 1,732.92%.

Who are NextNav's major shareholders?

Top institutional shareholders of NextNav include State Street Corp (1.59%), Geode Capital Management LLC (1.34%), Whitefort Capital Management LP (0.99%) and Charles Schwab Investment Management Inc. (0.43%). Insiders that own company stock include Joseph D Samberg, Ganesh Pattabiraman, Mariam Sorond, Arun Raghupathy, Christian D Gates, Timothy M Presutti, David L Knutson, Robert Lantz and Sammaad Shams.
View institutional ownership trends.

How do I buy shares of NextNav?

Shares of NN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of NextNav own?

Based on aggregate information from My MarketBeat watchlists, some other companies that NextNav investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Search & navigation equipment
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:NN
• CUSIP: N/A
• CIK: 1865631
• Web: www.spartacus-ac.com
• Phone: 800-775-0982
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $20.00
• High Stock Price Target: $20.00
• Low Stock Price Target: $20.00
• Potential Upside/Downside: +28.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.75)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-71,740,000.00
• Net Margins: -1,732.92%
• Pretax Margin: -1,728.89%
• Return on Equity: -128.95%
• Return on Assets: -51.21%

Debt

• Debt-to-Equity Ratio: 0.81
• Current Ratio: 5.01
• Quick Ratio: 5.01

Sales & Book Value

• Annual Sales: $4.96 million
• Price / Sales: 410.43
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.73 per share
• Price / Book: 21.37

Miscellaneous

• Outstanding Shares: 130,575,000
• Free Float: 108,633,000
• Market Cap: $2.04 billion
• Optionable: Optionable
• Beta: 1.13