NextNav (NASDAQ:NN) Issues Earnings Results

NextNav (NASDAQ:NN) posted its quarterly earnings data on Wednesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.10), Zacks reports. NextNav had a negative net margin of 1,732.92% and a negative return on equity of 128.95%.

NextNav Trading Up 1.1 %

Shares of NASDAQ NN traded up $0.11 during midday trading on Wednesday, hitting $10.27. The company’s stock had a trading volume of 1,135,539 shares, compared to its average volume of 1,360,904. NextNav has a 12-month low of $3.95 and a 12-month high of $18.54. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.81. The firm has a market cap of $1.34 billion, a P/E ratio of -13.69 and a beta of 1.17. The business’s 50 day moving average is $12.20 and its two-hundred day moving average is $11.88.

Insider Activity at NextNav

In other NextNav news, SVP Arun Raghupathy sold 3,332 shares of NextNav stock in a transaction on Monday, December 16th. The stock was sold at an average price of $18.32, for a total transaction of $61,042.24. Following the completion of the sale, the senior vice president now directly owns 1,087,019 shares of the company’s stock, valued at $19,914,188.08. The trade was a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Christian D. Gates sold 3,918 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.65, for a total value of $69,152.70. Following the completion of the sale, the chief financial officer now owns 815,722 shares of the company’s stock, valued at $14,397,493.30. This represents a 0.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,908 shares of company stock worth $141,851 in the last quarter. 11.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, B. Riley raised their price target on NextNav from $12.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th.

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.