NextNav (NASDAQ:NN) Stock Price Up 4.3% – Time to Buy?

NextNav Inc. (NASDAQ:NN)’s stock price rose 4.3% during trading on Monday . The stock traded as high as $9.13 and last traded at $9.13. Approximately 299,370 shares traded hands during trading, a decline of 63% from the average daily volume of 817,858 shares. The stock had previously closed at $8.75.

NextNav Trading Up 7.8 %

The firm has a market capitalization of $1.19 billion, a PE ratio of -11.04 and a beta of 1.06. The firm has a fifty day moving average of $7.48 and a 200 day moving average of $7.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 5.93 and a current ratio of 5.93.

NextNav (NASDAQ:NN) last posted its earnings results on Wednesday, August 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). NextNav had a negative return on equity of 134.05% and a negative net margin of 2,181.52%. The firm had revenue of $1.11 million for the quarter, compared to analyst estimates of $1.63 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. Equities research analysts expect that NextNav Inc. will post -0.8 EPS for the current year.

Insider Transactions at NextNav

In other NextNav news, Director Neil S. Subin bought 100,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of $6.92 per share, with a total value of $692,000.00. Following the transaction, the director now directly owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Neil S. Subin acquired 100,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $6.92 per share, with a total value of $692,000.00. Following the acquisition, the director now directly owns 2,365,213 shares in the company, valued at approximately $16,367,273.96. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil S. Subin bought 125,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $6.93 per share, for a total transaction of $866,250.00. Following the purchase, the director now owns 2,490,213 shares in the company, valued at approximately $17,257,176.09. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of NextNav

Several institutional investors have recently added to or reduced their stakes in NN. nVerses Capital LLC bought a new position in shares of NextNav during the second quarter valued at approximately $50,000. Principal Financial Group Inc. acquired a new position in NextNav during the 2nd quarter valued at approximately $82,000. Quest Partners LLC bought a new position in NextNav during the 2nd quarter worth $88,000. Wolverine Asset Management LLC increased its position in NextNav by 323.6% in the second quarter. Wolverine Asset Management LLC now owns 12,106 shares of the company’s stock worth $98,000 after buying an additional 9,248 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in NextNav by 34.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,025 shares of the company’s stock valued at $113,000 after buying an additional 4,405 shares during the last quarter. Institutional investors own 79.16% of the company’s stock.

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.