NextNav (NN) Expected to Announce Earnings on Wednesday

NextNav (NASDAQ:NN) is expected to be announcing its earnings results after the market closes on Wednesday, March 12th. Analysts expect the company to announce earnings of ($0.15) per share and revenue of $1.73 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

NextNav Trading Down 5.4 %

NASDAQ:NN opened at $10.18 on Tuesday. NextNav has a twelve month low of $3.95 and a twelve month high of $18.54. The business has a 50 day moving average price of $12.31 and a two-hundred day moving average price of $11.85. The company has a quick ratio of 5.01, a current ratio of 5.01 and a debt-to-equity ratio of 0.81. The company has a market cap of $1.33 billion, a P/E ratio of -13.57 and a beta of 1.17.

Insider Buying and Selling

In other NextNav news, CFO Christian D. Gates sold 3,918 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.65, for a total transaction of $69,152.70. Following the sale, the chief financial officer now owns 815,722 shares of the company’s stock, valued at approximately $14,397,493.30. This represents a 0.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Arun Raghupathy sold 3,332 shares of the company’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 sale, the senior vice president now owns 1,087,019 shares in the company, 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 sold a total of 7,908 shares of company stock valued at $141,851 in the last three months. Insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on shares of NextNav from $12.00 to $20.00 and gave the company a “buy” rating in a 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.