NextNav Inc. (NASDAQ:NN – Get Free Report) Director Neil S. Subin bought 100,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $6.92 per share, for a total transaction of $692,000.00. Following the completion of the purchase, the director now directly owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. The transaction was disclosed in a filing with the SEC, which is available through this link.
NextNav Stock Up 4.6 %
NN stock opened at $7.52 on Friday. The stock has a market capitalization of $949.93 million, a price-to-earnings ratio of -9.52 and a beta of 1.08. The company has a 50-day moving average of $7.88 and a two-hundred day moving average of $7.11. NextNav Inc. has a 52-week low of $3.55 and a 52-week high of $9.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.93 and a quick ratio of 5.93.
NextNav (NASDAQ:NN – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The business had revenue of $1.11 million for the quarter, compared to the consensus estimate of $1.63 million. NextNav had a negative net margin of 2,181.52% and a negative return on equity of 134.05%. During the same quarter in the previous year, the company earned ($0.15) EPS. As a group, equities research analysts anticipate that NextNav Inc. will post -0.81 EPS for the current year.
Institutional Investors Weigh In On NextNav
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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