NextNav (NASDAQ:NN) Sets New 52-Week High at $9.50

NextNav Inc. (NASDAQ:NN)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $9.50 and last traded at $9.39, with a volume of 96448 shares changing hands. The stock had previously closed at $9.39.

NextNav Trading Down 0.1 %

The company has a quick ratio of 9.31, a current ratio of 9.31 and a debt-to-equity ratio of 0.60. The firm’s fifty day moving average is $6.32 and its two-hundred day moving average is $5.02.

NextNav (NASDAQ:NN) last announced its earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). NextNav had a negative net margin of 1,857.46% and a negative return on equity of 81.56%. The company had revenue of $1.21 million for the quarter, compared to the consensus estimate of $1.19 million. As a group, analysts predict that NextNav Inc. will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NextNav news, SVP Arun Raghupathy sold 23,547 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.23, for a total transaction of $99,603.81. Following the completion of the transaction, the senior vice president now owns 1,130,538 shares of the company’s stock, valued at $4,782,175.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other NextNav news, SVP Arun Raghupathy sold 23,547 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $4.23, for a total value of $99,603.81. Following the sale, the senior vice president now directly owns 1,130,538 shares of the company’s stock, valued at $4,782,175.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sammaad Shams sold 13,469 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $4.23, for a total value of $56,973.87. Following the transaction, the chief accounting officer now owns 74,122 shares of the company’s stock, valued at $313,536.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 583,000 shares of company stock valued at $2,633,160 and have sold 75,000 shares valued at $317,250. 15.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NN. General American Investors Co. Inc. lifted its position in NextNav by 55.9% in the 3rd quarter. General American Investors Co. Inc. now owns 1,251,361 shares of the company’s stock valued at $6,432,000 after acquiring an additional 448,884 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of NextNav during the third quarter valued at $495,000. Swiss National Bank bought a new stake in NextNav in the 4th quarter worth about $335,000. Raymond James & Associates purchased a new position in NextNav in the 4th quarter worth about $222,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in NextNav during the 3rd quarter valued at about $156,000. Institutional investors own 79.16% of the company’s stock.

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.