NextNav (NASDAQ:NN) Reaches New 12-Month High at $9.50

NextNav Inc. (NASDAQ:NN) shares 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. The stock had previously closed at $9.39.

NextNav Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31. The business’s 50 day moving average is $6.32 and its two-hundred day moving average is $5.02.

NextNav (NASDAQ:NN) last issued its quarterly 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). The business had revenue of $1.21 million for the quarter, compared to analyst estimates of $1.19 million. NextNav had a negative return on equity of 81.56% and a negative net margin of 1,857.46%. On average, research analysts predict that NextNav Inc. will post -0.59 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On NextNav

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System bought a new stake in NextNav during the fourth quarter worth $47,000. Spire Wealth Management boosted its holdings in NextNav by 120.0% during the 4th quarter. Spire Wealth Management now owns 11,000 shares of the company’s stock worth $49,000 after acquiring an additional 6,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in NextNav during the 4th quarter worth $67,000. Simplicity Wealth LLC bought a new stake in shares of NextNav in the 1st quarter worth $68,000. Finally, Jump Financial LLC purchased a new stake in shares of NextNav in the fourth quarter valued at about $73,000. 79.16% of the stock is owned by institutional investors.

About NextNav

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.