NextNav Inc. (NASDAQ:NN – Get Free Report) Director Neil S. Subin purchased 100,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $6.92 per share, with a total value of $692,000.00. Following the completion of the acquisition, the director now owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
NextNav Stock Up 4.6 %
Shares of NextNav stock opened at $7.52 on Friday. The stock’s 50-day moving average is $7.88 and its 200 day moving average is $7.11. NextNav Inc. has a one year low of $3.55 and a one year high of $9.50. The firm has a market cap of $949.93 million, a price-to-earnings ratio of -9.52 and a beta of 1.08. 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 issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The business had revenue of $1.11 million during the quarter, compared to analyst estimates 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 period last year, the firm posted ($0.15) earnings per share. Equities research analysts anticipate that NextNav Inc. will post -0.81 EPS for the current year.
Hedge Funds Weigh In On NextNav
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.
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