NASDAQ:NNBR

NN - NNBR Stock Forecast, Price & News

$2.35

+0.07 (+3.07%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $2.25
▼
$2.38
50-Day Range: $2.25
▼
$3.49
52-Week Range: $2.11
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$6.13

Volume: 85,075 shs
Average Volume: 277,765 shs
Market Capitalization: $103.13 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

NN MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 240.4% Upside
$8.00 Price Target
Short Interest: Healthy
4.60% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 10 Articles This Week
Insider Trading: Acquiring Shares
$269,777 Bought Last Quarter
Proj. Earnings Growth: 123.08%
From $0.13 to $0.29 Per Share

Overall MarketRank^™

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

2.90 out of 5 stars

Industrial Products Sector

13th out of 192 stocks

Metalworking Machinery & Equipment Industry

1st out of 4 stocks

3.5

Analyst's Opinion

Consensus Rating
NN has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, NN has a forecasted upside of 240.4% from its current price of $2.35.
Amount of Analyst Coverage
NN has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.60% of the float of NN has been sold short.
Short Interest Ratio / Days to Cover
NN has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in NN has recently decreased by 5.83%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
NN does not currently pay a dividend.
Dividend Growth
NN 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 NNBR.

3.3

News and Social Media Coverage

News Sentiment
NN has a news sentiment score of 0.95. 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 0.51 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for NN this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for NNBR on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
2 people have added NN to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, NN insiders have bought more of their company's stock than they have sold. Specifically, they have bought $269,777.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.46% of the stock of NN is held by insiders.
Percentage Held by Institutions
84.34% of the stock of NN is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for NN are expected to grow by 123.08% in the coming year, from $0.13 to $0.29 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of NN is -4.27, 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 NN is -4.27, 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
NN has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About NN (NASDAQ:NNBR) Stock

NN, Inc., a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for general industrial and automotive end markets. This segments products are used in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as use in heating, ventilation, and air conditioning. The Power Solutions segment designs, manufactures, and sells a range of high-precision metal and plastic components, assemblies, and finished devices used in various applications, such as power control, flight control, and military devices. Its products include electrical contacts, connectors, contact assemblies, and precision stampings for the electrical, general industrial, automotive, aerospace, defense, and medical end markets. This segment also produces various tools and instruments for the orthopaedics and medical/surgical end markets. NN, Inc. was founded in 1980 and is headquartered in Charlotte, North Carolina.

NN Price Performance

NASDAQ:NNBR opened at $2.35 on Tuesday. NN has a 12 month low of $2.11 and a 12 month high of $6.13. The stock has a market cap of $103.13 million, a price-to-earnings ratio of -4.27 and a beta of 2.70. The company's 50 day moving average is $2.69 and its two-hundred day moving average is $2.78. The company has a current ratio of 2.45, a quick ratio of 1.44 and a debt-to-equity ratio of 0.73.

Insiders Place Their Bets

In related news, major shareholder Corre Partners Management, Llc acquired 20,289 shares of the business's stock in a transaction on Tuesday, July 5th. The stock was acquired at an average cost of $2.28 per share, with a total value of $46,258.92. Following the acquisition, the insider now directly owns 4,562,306 shares in the company, valued at approximately $10,402,057.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have bought 101,689 shares of company stock worth $239,125. Company insiders own 3.46% of the company's stock.

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NNBR Stock News Headlines

August 16, 2022 | americanbankingnews.com

Zacks Small Cap Brokers Cut Earnings Estimates for NN, Inc. (NASDAQ:NNBR)

August 11, 2022 | finance.yahoo.com

NNBR: UPDATE: The company released 2nd quarter earnings which were below our estimates and provided business updates and a revised outlook.

July 21, 2022 | finance.yahoo.com

NN, Inc. To Hold Second Quarter 2022 Earnings Conference Call on Friday, August 5, 2022

July 20, 2022 | nasdaq.com

How Many NN, Inc. (NASDAQ:NNBR) Shares Do Institutions Own? - Nasdaq

July 14, 2022 | investorplace.com

Why Is Clene (CLNN) Stock Soaring 23% Today?

July 13, 2022 | finance.yahoo.com

What Type Of Shareholders Make Up NN, Inc.'s (NASDAQ:NNBR) Share Registry? - Yahoo Finance

July 13, 2022 | finance.yahoo.com

What Type Of Shareholders Make Up NN, Inc.'s (NASDAQ:NNBR) Share Registry?

July 11, 2022 | investorplace.com

Why Are Casino Stocks WYNN, LVS Down Today?

June 28, 2022 | finance.yahoo.com

NNBR: Diversified manufacturer focused on end markets with high growth rates such as electric vehicles and electric grid upgrade.

June 28, 2022 | investorplace.com

Casino Stocks WYNN, LVS, MGM, MLCO Gain on Easing Covid-19 Restrictions

May 25, 2022 | finance.yahoo.com

Bullish NN, Inc. (NASDAQ:NNBR) insiders filled their treasuries with US$615k worth of stock over last year

May 18, 2022 | seekingalpha.com

NN swings higher after $1.3M insider buying transaction (NASDAQ:NNBR) - Seeking Alpha

May 17, 2022 | investorplace.com

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May 16, 2022 | investorplace.com

Cenntro Electric (CENN) Stock Climbs on Expansion News

May 5, 2022 | finance.yahoo.com

NN, Inc. Reports Financial Results for First Quarter

April 26, 2022 | investorplace.com

Why Is Cenntro Electric (CENN) Stock Down 15% Today?

April 25, 2022 | investorplace.com

CENN Stock Climbs Ahead of Earnings. Here’s What to Expect.

April 22, 2022 | finance.yahoo.com

NN, Inc. To Hold First Quarter 2022 Earnings Conference Call on Friday, May 6, 2022

April 21, 2022 | investorplace.com

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April 8, 2022 | investorplace.com

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March 24, 2022 | investorplace.com

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March 21, 2022 | investorplace.com

5 Investors Betting Big on Cenntro Electric (CENN) Stock

March 21, 2022 | investorplace.com

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March 8, 2022 | investorplace.com

Why Is Cenntro Electric (CENN) Stock on the Move Today?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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NNBR Company Calendar

Last Earnings: 11/04/2021
Today: 8/16/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Metalworking machinery & equipment
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NASDAQ:NNBR
CUSIP: 62933710
CIK: 918541
Web: www.nninc.com
Phone: (980) 264-4300
Fax: 423-743-2670
Employees: 3,419
Year Founded: 1980

Price Target and Rating

Average Stock Price Forecast: $8.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +240.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.55)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 18.08
P/E Growth: N/A
Net Income: $-13,230,000.00
Net Margins: -3.07%
Pretax Margin: -4.23%
Return on Equity: -1.86%
Return on Assets: -0.70%

Debt

Debt-to-Equity Ratio: 0.73
Current Ratio: 2.45
Quick Ratio: 1.44

Sales & Book Value

Annual Sales: $477.58 million
Price / Sales: 0.22
Cash Flow: $1.18 per share
Price / Cash Flow: 1.99
Book Value: $5.21 per share
Price / Book: 0.45

Miscellaneous

Outstanding Shares: 43,884,000
Free Float: 42,366,000
Market Cap: $103.13 million
Optionable: Optionable
Beta: 2.70

Social Links

Key Executives

Mr. Warren A. Veltman (Age 61)
Pres, CEO & Director
Comp: $1.54M
Mr. Michael C. Felcher Jr. (Age 49)
Sr. VP, CFO & Chief Accounting Officer
Comp: $465.93k
Mr. Matthew S. Heiter J.D. (Age 61)
Sr. VP, Gen. Counsel & Sec.
Comp: $795.09k
Ms. D. Gail Nixon (Age 51)
Sr. VP & Chief HR Officer
Comp: $483.36k
Mr. John R. Buchan (Age 60)
Exec. VP of Mobile Solutions & Power Solutions
Comp: $737.85k
Mr. Paul Taylor
VP of Marketing & Investor Relations
Mr. J. Andrew Wall (Age 43)
Sr. VP & Chief Commercial Officer
Mr. Mark F. Schuermann (Age 50)
VP, Treasurer and Investor Relations
Mr. Dario Galetti (Age 66)
VP and Gen. Mang. of the Global Ball Division
Mr. Jeffrey H. Hodge (Age 60)
VP of Bus. Devel.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

NNBR Stock - Frequently Asked Questions

Should I buy or sell NN stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NN in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" NNBR shares.
View NNBR analyst ratings or view top-rated stocks.
What is NN's stock price forecast for 2022?: 1 equities research analysts have issued 1 year price targets for NN's stock. Their NNBR share price forecasts range from $8.00 to $8.00. On average, they expect the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 240.4% from the stock's current price.
View analysts price targets for NNBR or view top-rated stocks among Wall Street analysts.
How have NNBR shares performed in 2022?: NN's stock was trading at $4.10 at the beginning of the year. Since then, NNBR shares have decreased by 42.7% and is now trading at $2.35.
View the best growth stocks for 2022 here.
When is NN's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our NNBR earnings forecast.
How were NN's earnings last quarter?: NN, Inc. (NASDAQ:NNBR) announced its quarterly earnings results on Thursday, November, 4th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The industrial products company earned $117.24 million during the quarter, compared to analyst estimates of $119.30 million. NN had a negative net margin of 3.07% and a negative trailing twelve-month return on equity of 1.86%. During the same quarter last year, the business earned $0.07 earnings per share.
What guidance has NN issued on next quarter's earnings?: NN updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $510.00 million-$525.00 million, compared to the consensus revenue estimate of $520.93 million.
What is Richard D. Holder's approval rating as NN's CEO?: 18 employees have rated NN Chief Executive Officer Richard D. Holder on Glassdoor.com. Richard D. Holder has an approval rating of 34% among the company's employees. This puts Richard D. Holder in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of NN own?: Based on aggregate information from My MarketBeat watchlists, some companies that other NN investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), Aegean Marine Petroleum Network (ANW), NIC (EGOV), Precision Drilling (PD) and Och-Ziff Capital Management Group (OZM).
What is NN's stock symbol?: NN trades on the NASDAQ under the ticker symbol "NNBR."
Who are NN's major shareholders?: NN's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Corre Partners Management LLC (12.36%), Paradigm Capital Management Inc. NY (8.86%), Primecap Management Co. CA (5.25%), Royce & Associates LP (4.94%), Allspring Global Investments Holdings LLC (2.64%) and Victory Capital Management Inc. (1.59%). Insiders that own company stock include Christina Carroll, Corre Partners Management, Llc, Jeri J Harman, Jeri J Harman, Joao V Faria, John Buchan, Jr Michael C Felcher, Raynard D Benvenuti, Raynard D Benvenuti, Thomas Hampton Jr Wilson and Warren A Veltman.
View institutional ownership trends.
How do I buy shares of NN?: Shares of NNBR 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 NN's stock price today?: One share of NNBR stock can currently be purchased for approximately $2.35.
How much money does NN make?: NN (NASDAQ:NNBR) has a market capitalization of $103.13 million and generates $477.58 million in revenue each year. The industrial products company earns $-13,230,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.
How many employees does NN have?: The company employs 3,419 workers across the globe.
When was NN founded?: NN was founded in 1980.
How can I contact NN?: NN's mailing address is 6210 Ardrey Kell Road, Charlotte NC, 28277. The official website for the company is www.nninc.com. The industrial products company can be reached via phone at (980) 264-4300, via email at investors@nninc.com, or via fax at 423-743-2670.

This page (NASDAQ:NNBR) was last updated on 8/16/2022 by MarketBeat.com Staff

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NN - NNBR Stock Forecast, Price & News

NN MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month