Shares of NextNav Inc. (NASDAQ:NN - Get Free Report) rose 12.6% on Monday . The stock traded as high as $14.54 and last traded at $14.50. Approximately 346,339 shares were traded during trading, a decline of 68% from the average daily volume of 1,097,264 shares. The stock had previously closed at $12.87.
NextNav Trading Up 0.2%
The company has a quick ratio of 16.75, a current ratio of 16.75 and a debt-to-equity ratio of 32.42. The firm's 50 day simple moving average is $12.65 and its two-hundred day simple moving average is $12.96. The stock has a market cap of $1.91 billion, a P/E ratio of -14.11 and a beta of 1.00.
NextNav (NASDAQ:NN - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). NextNav had a negative net margin of 2,091.01% and a negative return on equity of 193.20%. The business had revenue of $1.54 million for the quarter, compared to the consensus estimate of $1.87 million. As a group, equities research analysts predict that NextNav Inc. will post -0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NextNav
Several institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of NextNav by 112.5% during the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company's stock worth $30,000 after acquiring an additional 1,018 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of NextNav by 5.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 30,753 shares of the company's stock worth $479,000 after acquiring an additional 1,563 shares during the last quarter. Harbor Investment Advisory LLC grew its position in shares of NextNav by 331.0% during the first quarter. Harbor Investment Advisory LLC now owns 2,155 shares of the company's stock worth $26,000 after acquiring an additional 1,655 shares during the last quarter. US Bancorp DE bought a new position in NextNav in the 4th quarter valued at about $28,000. Finally, Perigon Wealth Management LLC grew its position in NextNav by 5.6% in the 1st quarter. Perigon Wealth Management LLC now owns 38,000 shares of the company's stock valued at $462,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 79.16% of the company's stock.
About NextNav
(
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.
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