This Is Too Hot For NextNav Inc (NASDAQ: NN), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that NextNav Inc. Reports Fourth Quarter and Full Year 2023 Results.

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Stocks Info

As a NASDAQ listed company, NN falls under the Technology sector while operating within the Software – Infrastructure industry segment. The current market capitalization of NextNav Inc is $758.32M. A total of 0.53 million shares were traded on the day, compared to an average of 961.89K shares.

In the most recent transaction, SUBIN NEIL S bought 50,000 shares of NN for 4.72 per share on Mar 20 ’24. After the transaction, the Director now owns 2,115,213 company shares. In a previous transaction on Mar 19 ’24, SUBIN NEIL S bought 50,000 shares at 4.76 per share. NN shares that Director owns now total 2,065,213.

Among the insiders who sold shares, Lantz Robert disposed of 2,032 shares on Mar 19 ’24 at a per-share price of $4.75. This resulted in the General Counsel holding 88,401 shares of NN after the transaction. In another insider transaction, Shams Sammaad sold 116 shares at $4.69 per share on Mar 19 ’24. Company shares held by the Chief Accounting Officer now total 74,006.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, NN has a high of $7.14 and a low of $1.74.

As of this writing, NN has an earnings estimate of -$0.12 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 -$0.12. The company reported an EPS of -$0.15 in the last quarter, which was -7.10% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. NN’s latest balance sheet shows that the firm has $100.08M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $6.68M in liabilities at the time. Its Book Value Per Share was $0.71, while its Total Shareholder’s Equity was $99.96M.

Analysts Opinion

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. 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.

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