NASDAQ:NN

NextNav (NN) Stock Forecast, Price & News

$2.77

+0.04 (+1.47%)

(As of 06/6/2023 ET)

Compare

Today's Range: $2.68
▼
$2.80
50-Day Range: $1.83
▼
$2.85
52-Week Range: $1.59
▼
$3.85

Volume: 356,003 shs
Average Volume: 386,497 shs
Market Capitalization: $298.38 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

NextNav MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 152.7% Upside
$7.00 Price Target
Short Interest: Bearish
3.34% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: Selling Shares
$122,929 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.55) to ($0.56) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Computer And Technology Sector

397th out of 606 stocks

Software—Infrastructure Industry

2nd out of 2 stocks

3.3

Analyst's Opinion

Consensus Rating
NextNav has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.00, NextNav has a forecasted upside of 152.7% from its current price of $2.77.
Amount of Analyst Coverage
NextNav has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
3.34% of the outstanding shares of NextNav have been sold short.
Short Interest Ratio / Days to Cover
NextNav has a short interest ratio ("days to cover") of 11, which indicates bearish sentiment.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
NextNav does not currently pay a dividend.
Dividend Growth
NextNav does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NN.

2.7

News and Social Media Coverage

News Sentiment
NextNav has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for NextNav this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added NextNav to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NextNav insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $122,929.00 in company stock.
Percentage Held by Insiders
20.80% of the stock of NextNav is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.66% of the stock of NextNav is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for NextNav are expected to decrease in the coming year, from ($0.55) to ($0.56) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NextNav is -6.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of NextNav is -6.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
NextNav has a P/B Ratio of 2.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NextNav (NASDAQ:NN) Stock

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, which is based on three primary components comprising an altitude station network, device software, and secure cloud services platform. The company also provides TerraPoiNT, an 3D PNT system, provides positioning, navigation and timing services provided by GPS through a land-based GPS satellite constellation including broadcast transmitter. It serves Wi-Fi, telecom, public safety, gaming and location apps, and critical infrastructure applications. The company was founded in 2007 and is headquartered in McLean, Virginia.

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NN Stock News Headlines

June 1, 2023 | finance.yahoo.com

Nationwide US Carrier Selects NextNav's Pinnacle to Provide Precision Z-Axis Capabilities for 911 Calls

May 21, 2023 | americanbankingnews.com

Christian D. Gates Sells 24,000 Shares of NextNav Inc. (NASDAQ:NN) Stock

June 6, 2023 | Chaikin Analytics (Ad)

Wall Street Legend Who Called AMZN Crash Issues New Sell Alert

Now, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.

May 16, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for NextNav Inc. Raised by Analyst (NASDAQ:NN)

May 14, 2023 | americanbankingnews.com

Analyzing NextNav (NASDAQ:NN) and Leonardo DRS (NASDAQ:DRS)

May 12, 2023 | msn.com

Recap: NextNav Q1 Earnings

May 11, 2023 | msn.com

NextNav closes private offering of $50M notes

May 10, 2023 | finance.yahoo.com

NextNav Inc. (NN) Reports Q1 Loss, Lags Revenue Estimates

June 6, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

May 10, 2023 | finance.yahoo.com

NextNav Inc. Reports First Quarter 2023 Results

May 10, 2023 | finance.yahoo.com

NextNav Inc. Closes $50 Million Debt Financing

May 10, 2023 | finance.yahoo.com

NextNav to Participate in Upcoming Conferences

May 9, 2023 | msn.com

Earnings Preview For NextNav

May 9, 2023 | americanbankingnews.com

NextNav (NN) Set to Announce Quarterly Earnings on Wednesday

May 8, 2023 | americanbankingnews.com

Inflection Point Acquisition (NASDAQ:IPAX) and NextNav (NASDAQ:NN) Head-To-Head Survey

April 30, 2023 | finance.yahoo.com

Is NextNav (NASDAQ:NN) In A Good Position To Deliver On Growth Plans?

April 28, 2023 | finance.yahoo.com

NextNav Pinnacle Z-Axis Technology Now Available on Hot Pepper Mobile's Tabasco Phone

April 27, 2023 | finance.yahoo.com

NextNav Vertical Location Technology with Floor Level Accuracy Now Available on Ultra-Rugged Kyocera DuraXV Extreme+

April 27, 2023 | finance.yahoo.com

NextNav Announces Date for First Quarter 2023 Earnings Call

April 25, 2023 | finance.yahoo.com

Bodytrak Partners With NextNav to Bring Vertical Location Intelligence to Wearable Devices

April 19, 2023 | americanbankingnews.com

Comparing Inflection Point Acquisition (NASDAQ:IPAX) and NextNav (NASDAQ:NN)

April 17, 2023 | finance.yahoo.com

Ecopia Partners with NextNav to Equip Emergency Response Teams with 3D Visualizations

March 30, 2023 | finance.yahoo.com

NextNav (NASDAQ:NN) adds US$29m to market cap in the past 7 days, though investors from a year ago are still down 73%

March 30, 2023 | americanbankingnews.com

NextNav (NASDAQ:NN) PT Lowered to $7.00 at R. F. Lafferty

March 29, 2023 | americanbankingnews.com

Financial Survey: Nextracker (NASDAQ:NXT) versus NextNav (NASDAQ:NN)

March 29, 2023 | americanbankingnews.com

NextNav Inc. (NASDAQ:NN) to Post FY2023 Earnings of ($0.68) Per Share, Oppenheimer Forecasts

March 29, 2023 | americanbankingnews.com

NextNav Inc. (NASDAQ:NN) Expected to Post Q1 2023 Earnings of ($0.19) Per Share

See More Headlines

NN Price History

30 days | 90 days | 365 days | Advanced Chart

NN Company Calendar

Last Earnings: 3/22/2023
Today: 6/06/2023
Next Earnings (Estimated): 8/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Software—Infrastructure
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:NN
CUSIP: N/A
CIK: 1865631
Web: www.spartacus-ac.com
Phone: 800-775-0982
Fax: N/A
Employees: 106
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.00
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $7.00
Forecasted Upside/Downside: +152.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.44)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-40,120,000.00
Net Margins: -1,314.42%
Pretax Margin: -1,316.53%
Return on Equity: -63.32%
Return on Assets: -52.04%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.33
Quick Ratio: 6.33

Sales & Book Value

Annual Sales: $3.93 million
Price / Sales: 75.92
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.98 per share
Price / Book: 2.83

Miscellaneous

Outstanding Shares: 107,720,000
Free Float: 85,313,000
Market Cap: $298.38 million
Optionable: Not Optionable
Beta: 1.76

Key Executives

Mr. Gary M. Parsons (Age 72)
Exec. Chairman
Comp: $218.9k

Mr. Ganesh Pattabiraman (Age 49)
Co-Founder, CEO, Pres & Director
Comp: $361.75k

Mr. Christian D. Gates (Age 50)
Chief Financial Officer
Comp: $286.68k

Mr. David L. Knutson (Age 53)
Sr. VP of Operations & Deployment
Comp: $286k

Dr. Arun Raghupathy (Age 50)
Co-Founder & CTO

Sammaad R. Shams
Corp. Accounting Officer

Mr. Robert H. Lantz (Age 60)
VP, Gen. Counsel & Sec.

Ms. Gillian Smith
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NN Stock - Frequently Asked Questions

Should I buy or sell NextNav stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for NextNav in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NN shares.
View NN analyst ratings or view top-rated stocks.
What is NextNav's stock price forecast for 2023?: 2 brokerages have issued 1 year price objectives for NextNav's stock. Their NN share price forecasts range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 152.7% from the stock's current price.
View analysts price targets for NN or view top-rated stocks among Wall Street analysts.
How have NN shares performed in 2023?: NextNav's stock was trading at $2.93 on January 1st, 2023. Since then, NN stock has decreased by 5.5% and is now trading at $2.77.
View the best growth stocks for 2023 here.
When is NextNav's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our NN earnings forecast.
How were NextNav's earnings last quarter?: NextNav Inc. (NASDAQ:NN) released its quarterly earnings results on Wednesday, March, 22nd. The company reported ($0.13) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.04. The firm earned $0.80 million during the quarter, compared to analysts' expectations of $0.53 million. NextNav had a negative trailing twelve-month return on equity of 63.32% and a negative net margin of 1,314.42%.
What is NextNav's stock symbol?: NextNav trades on the NASDAQ under the ticker symbol "NN."

Who are NextNav's major shareholders?: NextNav's stock is owned by many different institutional and retail investors. Top institutional shareholders include Whitefort Capital Management LP (3.73%), BlackRock Inc. (2.82%), B. Riley Financial Inc. (1.02%), State Street Corp (0.99%), Geode Capital Management LLC (0.82%) and General American Investors Co. Inc. (0.75%). Insiders that own company stock include Christian D Gates, David L Knutson, Ganesh Pattabiraman, Robert Lantz, Sammaad Shams and Timothy M Presutti.
View institutional ownership trends.
How do I buy shares of NextNav?: Shares of NN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is NextNav's stock price today?: One share of NN stock can currently be purchased for approximately $2.77.
How much money does NextNav make?: NextNav (NASDAQ:NN) has a market capitalization of $298.38 million and generates $3.93 million in revenue each year. The company earns $-40,120,000.00 in net income (profit) each year or ($0.44) on an earnings per share basis.
How many employees does NextNav have?: The company employs 106 workers across the globe.
How can I contact NextNav?: NextNav's mailing address is 6470 E Johns Crossing Suite 490, Duluth GA, 30097. The official website for the company is www.spartacus-ac.com. The company can be reached via phone at 800-775-0982 or via email at info@spartacus-ac.com.

This page (NASDAQ:NN) was last updated on 6/6/2023 by MarketBeat.com Staff

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NextNav (NN) Stock Forecast, Price & News

NextNav MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About NextNav (NASDAQ:NN) Stock

NN Stock News Headlines

NN Price History

NN Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

NN Stock - Frequently Asked Questions

Overall MarketRank^™