NextNav (NASDAQ:NN) Releases Earnings Results, Misses Expectations By $0.10 EPS

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

NextNav Price Performance

Shares of NN traded up $0.11 during mid-day trading on Wednesday, reaching $10.27. The stock had a trading volume of 1,135,539 shares, compared to its average volume of 1,360,904. The business has a fifty day moving average of $12.20 and a 200 day moving average of $11.88. 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 firm has a market cap of $1.34 billion, a price-to-earnings ratio of -13.69 and a beta of 1.17. NextNav has a 12 month low of $3.95 and a 12 month high of $18.54.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other NextNav news, CFO Christian D. Gates sold 3,918 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total transaction of $69,152.70. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Arun Raghupathy sold 3,332 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $18.32, for a total value of $61,042.24. Following the transaction, the senior vice president now owns 1,087,019 shares of the company’s stock, valued at approximately $19,914,188.08. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,908 shares of company stock worth $141,851 in the last three months. Company insiders own 11.30% of the company’s stock.

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.