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QQQ   324.08
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NASDAQ:NNBR

NN - NNBR Stock Forecast, Price & News

$2.36
0.00 (0.00%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$2.32
$2.40
50-Day Range
$2.25
$3.49
52-Week Range
$2.11
$6.23
Volume
146,687 shs
Average Volume
278,954 shs
Market Capitalization
$103.57 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
239.0% Upside
$8.00 Price Target
Short Interest
Healthy
4.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.15mentions of NN in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$675,611 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.

2.79 out of 5 stars

Industrial Products Sector

33rd out of 184 stocks

Metalworking Machinery & Equipment Industry

2nd out of 4 stocks

NNBR stock logo

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 Stock Performance

Shares of NASDAQ:NNBR remained flat at $2.36 on Thursday. The stock had a trading volume of 146,687 shares, compared to its average volume of 278,954. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.45 and a quick ratio of 1.48. The stock has a market capitalization of $103.57 million, a PE ratio of -4.29 and a beta of 2.70. NN has a 52-week low of $2.11 and a 52-week high of $6.23. The business has a 50 day simple moving average of $2.71 and a 200-day simple moving average of $2.82.

Insider Buying and Selling

In other NN news, major shareholder Corre Partners Management, Llc bought 20,289 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The shares were bought at an average cost of $2.28 per share, with a total value of $46,258.92. Following the completion of the purchase, the insider now directly owns 4,562,306 shares of the company's stock, valued at $10,402,057.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other NN news, CEO Warren A. Veltman bought 50,000 shares of the business's stock in a transaction that occurred on Friday, May 13th. The shares were bought at an average cost of $2.39 per share, with a total value of $119,500.00. Following the completion of the purchase, the chief executive officer now directly owns 476,874 shares of the company's stock, valued at $1,139,728.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Corre Partners Management, Llc bought 20,289 shares of the business's stock in a transaction that occurred on Tuesday, July 5th. The stock was acquired at an average cost of $2.28 per share, for a total transaction of $46,258.92. Following the completion of the purchase, the insider now directly owns 4,562,306 shares of the company's stock, valued at $10,402,057.68. The disclosure for this purchase can be found here. Insiders have acquired 286,790 shares of company stock valued at $675,611 over the last ninety days. 3.46% of the stock is owned by insiders.

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NNBR Stock News Headlines

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NNBR Company Calendar

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

Industry, Sector and Symbol

Industry
Metalworking machinery & equipment
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:NNBR
CUSIP
62933710
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
+239.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-13,230,000.00
Pretax Margin
-4.23%

Debt

Sales & Book Value

Annual Sales
$477.58 million
Cash Flow
$1.20 per share
Book Value
$4.70 per share

Miscellaneous

Free Float
42,366,000
Market Cap
$103.57 million
Optionable
Optionable
Beta
2.70

Social Links


Key Executives














NNBR Stock - Frequently Asked Questions

Should I buy or sell NN stock right now?

1 Wall Street research 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 research 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 Wall Street analysts have issued twelve-month target prices for NN's stock. Their NNBR share price forecasts range from $8.00 to $8.00. On average, they predict the company's stock price to reach $8.00 in the next year. This suggests a possible upside of 239.0% 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 start of the year. Since then, NNBR shares have decreased by 42.4% and is now trading at $2.36.
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) issued its quarterly earnings data on Thursday, November, 4th. The industrial products company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 period in the prior year, the company earned $0.07 EPS.

What guidance has NN issued on next quarter's earnings?

NN updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (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?

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 $2.36.

How much money does NN make?

NN (NASDAQ:NNBR) has a market capitalization of $103.57 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 8/12/2022 by MarketBeat.com Staff

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