NextNav (NASDAQ:NN) Reaches New 12-Month High at $8.05

NextNav Inc. (NASDAQ:NN - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.05 and last traded at $7.98, with a volume of 383128 shares changing hands. The stock had previously closed at $7.06.

NextNav Price Performance

The company has a 50 day moving average of $5.27 and a 200-day moving average of $4.72. The firm has a market capitalization of $902.65 million, a P/E ratio of -12.15 and a beta of 1.39. The company has a current ratio of 9.31, a quick ratio of 9.31 and a debt-to-equity ratio of 0.60.

NextNav (NASDAQ:NN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). NextNav had a negative return on equity of 81.56% and a negative net margin of 1,857.46%. The business had revenue of $1.21 million for the quarter, compared to analyst estimates of $1.19 million. On average, sell-side analysts predict that NextNav Inc. will post -0.59 EPS for the current year.

Insider Buying and Selling at NextNav

In other NextNav news, CAO Sammaad Shams sold 13,469 shares of the company's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $4.23, for a total value of $56,973.87. Following the sale, the chief accounting officer now owns 74,122 shares in the company, valued at approximately $313,536.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Neil S. Subin purchased 50,000 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of $4.72 per share, with a total value of $236,000.00. Following the purchase, the director now owns 2,115,213 shares in the company, valued at $9,983,805.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sammaad Shams sold 13,469 shares of the company's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $4.23, for a total value of $56,973.87. Following the transaction, the chief accounting officer now directly owns 74,122 shares in the company, valued at $313,536.06. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 883,000 shares of company stock worth $3,806,160 and have sold 76,002 shares worth $321,398. Corporate insiders own 11.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in NextNav by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,351,121 shares of the company's stock worth $10,462,000 after buying an additional 35,058 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of NextNav in the fourth quarter worth approximately $129,000. Legal & General Group Plc increased its position in shares of NextNav by 320.2% during the fourth quarter. Legal & General Group Plc now owns 25,562 shares of the company's stock valued at $114,000 after acquiring an additional 19,478 shares during the last quarter. Barclays PLC increased its position in shares of NextNav by 23.8% during the fourth quarter. Barclays PLC now owns 333,875 shares of the company's stock valued at $1,486,000 after acquiring an additional 64,260 shares during the last quarter. Finally, Whitebox Advisors LLC purchased a new stake in shares of NextNav during the fourth quarter valued at approximately $603,000. 79.16% of the stock is owned by institutional investors and hedge funds.

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.