NextNav (NASDAQ:NN) Stock Price Up 7.9% – Should You Buy?

NextNav Inc. (NASDAQ:NN)’s share price traded up 7.9% during trading on Monday . The stock traded as high as $13.04 and last traded at $12.91. 759,864 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 994,756 shares. The stock had previously closed at $11.97.

NextNav Stock Down 5.9 %

The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.01. The stock’s fifty day simple moving average is $11.79 and its two-hundred day simple moving average is $12.19. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -16.86 and a beta of 1.17.

NextNav (NASDAQ:NN) last issued its earnings results on Wednesday, March 12th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.10). The business had revenue of $1.91 million for the quarter, compared to the consensus estimate of $1.73 million. NextNav had a negative return on equity of 128.95% and a negative net margin of 1,732.92%. On average, sell-side analysts anticipate that NextNav Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling at NextNav

In other news, CAO Sammaad Shams sold 4,005 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.21, for a total transaction of $44,896.05. Following the transaction, the chief accounting officer now owns 81,100 shares in the company, valued at $909,131. This represents a 4.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christian D. Gates sold 5,730 shares of NextNav stock in a transaction on Monday, March 17th. The shares were sold at an average price of $11.24, for a total transaction of $64,405.20. Following the completion of the sale, the chief financial officer now directly owns 857,206 shares of the company’s stock, valued at approximately $9,634,995.44. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,705 shares of company stock valued at $816,495 in the last three months. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NextNav

Several institutional investors have recently bought and sold shares of NN. US Bancorp DE bought a new stake in NextNav in the 4th quarter valued at $28,000. Russell Investments Group Ltd. lifted its stake in shares of NextNav by 112.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,923 shares of the company’s stock valued at $30,000 after buying an additional 1,018 shares during the period. Golden State Wealth Management LLC acquired a new stake in NextNav during the fourth quarter worth about $78,000. Wharton Business Group LLC bought a new position in NextNav during the fourth quarter valued at about $156,000. Finally, Mission Wealth Management LP acquired a new position in NextNav in the 4th quarter valued at approximately $156,000. 79.16% of the stock is currently owned by institutional investors.

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.