The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for NextNav Inc. (NN) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.47. The NextNav Inc. has recorded 3,718 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NextNav Inc. Reports Second Quarter 2023 Results.
NextNav Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $5.47 and fluctuated between $6.02 as its day high and $5.40 as its day low. The current market capitalization of NextNav Inc. is $585.95M. A total of 0.71 million shares were traded on the day, compared to an average of 361.91K shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NN has seen 6 BUY and 7 SELL insider trades, representing the acquisition of 783,603 and the disposition of 43,938 shares. Over the last 12 months, there were 32 BUYs and 36 SELLs from insiders. Insiders purchased 2,236,274 shares during that period but sold 1,084,405.
In the most recent transaction, Gates Christian D. sold 37,377 shares of NN for 4.08 per share on Aug 18. After the transaction, the Chief Financial Officer now owns 774,424 company shares. In a previous transaction on Aug 18, Pattabiraman Ganesh sold 3,166 shares at 4.08 per share. NN shares that Chief Executive Officer owns now total 1,932,688.
Among the insiders who sold shares, Raghupathy Arun disposed of 1,252 shares on Aug 18 at a per-share price of $4.09. This resulted in the Senior Vice President holding 1,087,428 shares of NN after the transaction. In another insider transaction, Knutson David L. sold 895 shares at $4.08 per share on Aug 18. Company shares held by the Senior Vice President now total 707,522.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NN in the last 3 months, the mean price target is $9.00 with high estimates of $12.00 and low estimates of $6.00. In terms of 52-week highs and lows, NN has a high of $6.07 and a low of $1.59.
As of this writing, NN has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.15 in the last quarter, which was 11.80% higher than expectations of -$0.17.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NN’s latest balance sheet shows that the firm has $100.08M in Cash & Short Term Investments as of fiscal 2021. There were $58.87M in debt and $6.68M in liabilities at the time. Its Book Value Per Share was $0.85, while its Total Shareholder’s Equity was $99.96M.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NN is Buy with a score of 4.33.