Nextnav Acquisition Corp Stock Beneish M Score

NN Stock  USD 8.08  0.29  3.72%   
This module uses fundamental data of Nextnav Acquisition to approximate the value of its Beneish M Score. Nextnav Acquisition M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Nextnav Acquisition Piotroski F Score and Nextnav Acquisition Altman Z Score analysis.
  
At this time, Nextnav Acquisition's Net Debt To EBITDA is very stable compared to the past year. As of the 19th of April 2024, Debt To Assets is likely to grow to 0.57, while Net Debt is likely to drop (16.6 M). At this time, Nextnav Acquisition's Receivables Turnover is very stable compared to the past year. As of the 19th of April 2024, Shareholders Equity Per Share is likely to grow to 0.77, while Price To Sales Ratio is likely to drop 118.19.
At this time, it appears that Nextnav Acquisition Corp is an unlikely manipulator. The earnings manipulation may begin if Nextnav Acquisition's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Nextnav Acquisition executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Nextnav Acquisition's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.37
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.41

Focus
Asset Quality

0.4

Focus
Expense Coverage

1.61

Focus
Gross Margin Strengs

1.05

Focus
Accruals Factor

1.61

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

0.53

Focus
Financial Leverage Condition

1.93

Focus

Nextnav Acquisition Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Nextnav Acquisition's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables1.7 M2.3 M
Way Down
Slightly volatile
Total RevenueM3.9 M
Way Down
Slightly volatile
Total Assets111.5 M162.2 M
Way Down
Slightly volatile
Total Current Assets65.1 M91.2 M
Way Down
Slightly volatile
Non Current Assets Total42.8 M70.9 M
Way Down
Slightly volatile
Property Plant Equipment35.4 M33.7 M
Sufficiently Up
Slightly volatile
Selling General Administrative25.9 M30.3 M
Fairly Down
Slightly volatile
Total Current Liabilities8.6 M9.8 M
Fairly Down
Slightly volatile
Non Current Liabilities Total105.7 M72.3 M
Way Up
Slightly volatile
Short Term DebtM2.5 M
Significantly Down
Slightly volatile
Long Term Debt36.3 M43.6 M
Significantly Down
Slightly volatile

Nextnav Acquisition Corp Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Nextnav Acquisition's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Nextnav Acquisition in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Nextnav Acquisition's degree of accounting gimmicks and manipulations.

About Nextnav Acquisition Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Current Deferred Revenue

539,734

At this time, Nextnav Acquisition's Current Deferred Revenue is very stable compared to the past year.

About Nextnav Acquisition Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nextnav Acquisition Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nextnav Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nextnav Acquisition Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nextnav Acquisition in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nextnav Acquisition's short interest history, or implied volatility extrapolated from Nextnav Acquisition options trading.

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether Nextnav Acquisition Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nextnav Acquisition's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nextnav Acquisition Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nextnav Acquisition Corp Stock:
Check out Nextnav Acquisition Piotroski F Score and Nextnav Acquisition Altman Z Score analysis.
You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Nextnav Stock analysis

When running Nextnav Acquisition's price analysis, check to measure Nextnav Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nextnav Acquisition is operating at the current time. Most of Nextnav Acquisition's value examination focuses on studying past and present price action to predict the probability of Nextnav Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nextnav Acquisition's price. Additionally, you may evaluate how the addition of Nextnav Acquisition to your portfolios can decrease your overall portfolio volatility.
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Equity Valuation
Check real value of public entities based on technical and fundamental data
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Is Nextnav Acquisition's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextnav Acquisition. If investors know Nextnav will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextnav Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.66)
Revenue Per Share
0.036
Quarterly Revenue Growth
0.501
Return On Assets
(0.28)
Return On Equity
(0.78)
The market value of Nextnav Acquisition Corp is measured differently than its book value, which is the value of Nextnav that is recorded on the company's balance sheet. Investors also form their own opinion of Nextnav Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Nextnav Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextnav Acquisition's market value can be influenced by many factors that don't directly affect Nextnav Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextnav Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextnav Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextnav Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.