NextNav (NASDAQ:NN) Shares Up 12.6% - Should You Buy?

NextNav Inc. (NASDAQ:NN - Get Free Report)'s stock price was up 12.6% on Monday . The company traded as high as $14.54 and last traded at $14.50. Approximately 346,339 shares were traded during mid-day 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 9.3%

The stock's 50 day moving average is $12.45 and its two-hundred day moving average is $12.98. The company has a market capitalization of $1.86 billion, a PE ratio of -18.67 and a beta of 1.00. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81.

NextNav (NASDAQ:NN - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The firm had revenue of $1.54 million during the quarter, compared to analysts' expectations of $1.87 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. As a group, sell-side analysts predict that NextNav Inc. will post -0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fleming James B JR purchased a new position in NextNav in the fourth quarter valued at $80,618,000. Vanguard Group Inc. lifted its position in shares of NextNav by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 4,732,231 shares of the company's stock valued at $57,591,000 after acquiring an additional 715,171 shares during the period. Susquehanna Advisors Group Inc. purchased a new stake in NextNav in the 4th quarter worth approximately $67,648,000. Ancora Advisors LLC lifted its holdings in NextNav by 11.0% in the 1st quarter. Ancora Advisors LLC now owns 2,237,736 shares of the company's stock worth $27,233,000 after buying an additional 221,486 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in NextNav by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,731,051 shares of the company's stock worth $26,941,000 after buying an additional 39,543 shares in the last quarter. 79.16% of the stock is owned by hedge funds and other institutional investors.

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.

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