NextNav Inc. (NASDAQ:NN - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.60 and last traded at $8.54, with a volume of 173517 shares. The stock had previously closed at $8.40.
NextNav Price Performance
The firm has a market capitalization of $974.68 million, a PE ratio of -13.12 and a beta of 1.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31. The stock has a fifty day moving average price of $5.74 and a 200-day moving average price of $4.85.
NextNav (NASDAQ:NN - Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share 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 analysts' expectations of $1.19 million. Sell-side analysts forecast that NextNav Inc. will post -0.59 EPS for the current fiscal year.
Insiders Place Their Bets
In other NextNav news, major shareholder Joseph D. Samberg purchased 483,000 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were purchased at an average cost of $4.52 per share, with a total value of $2,183,160.00. Following the completion of the purchase, the insider now owns 9,800,000 shares in the company, valued at approximately $44,296,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Joseph D. Samberg acquired 483,000 shares of the stock in a transaction on Monday, March 18th. The shares were bought at an average price of $4.52 per share, with a total value of $2,183,160.00. Following the completion of the purchase, the insider now owns 9,800,000 shares of the company's stock, valued at approximately $44,296,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Robert Lantz sold 8,776 shares of the business's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.23, for a total transaction of $37,122.48. Following the transaction, the general counsel now directly owns 90,433 shares in the company, valued at approximately $382,531.59. The disclosure for this sale can be found here. In the last three months, insiders bought 583,000 shares of company stock worth $2,633,160 and sold 76,002 shares worth $321,398. 11.30% of the stock is owned by company insiders.
Institutional Trading of NextNav
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kolinsky Wealth Management LLC lifted its stake in NextNav by 64.3% during the fourth quarter. Kolinsky Wealth Management LLC now owns 30,363 shares of the company's stock worth $135,000 after purchasing an additional 11,883 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in NextNav by 273.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 24,999 shares of the company's stock worth $111,000 after acquiring an additional 18,309 shares in the last quarter. General American Investors Co. Inc. boosted its holdings in NextNav by 33.2% during the 4th quarter. General American Investors Co. Inc. now owns 1,666,915 shares of the company's stock valued at $7,418,000 after acquiring an additional 415,554 shares during the period. Jump Financial LLC acquired a new position in NextNav in the 4th quarter valued at about $73,000. Finally, Spire Wealth Management grew its position in NextNav by 120.0% in the 4th quarter. Spire Wealth Management now owns 11,000 shares of the company's stock valued at $49,000 after acquiring an additional 6,000 shares in the last quarter. 79.16% of the stock is owned by institutional investors and hedge funds.
NextNav Company Profile
(
Get Free Report)
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.
Further Reading
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