Nextnav Acquisition Corp Stock Piotroski F Score

NN Stock  USD 4.09  0.25  5.76%   
This module uses fundamental data of Nextnav Acquisition to approximate its Piotroski F score. Nextnav Acquisition F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Nextnav Acquisition Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Nextnav Acquisition financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Check out Nextnav Acquisition Altman Z Score, Nextnav Acquisition Correlation, Nextnav Acquisition Valuation, as well as analyze Nextnav Acquisition Alpha and Beta and Nextnav Acquisition Hype Analysis.
  
At this time, Nextnav Acquisition's Total Debt is very stable as compared to the past year. As of the 22nd of February 2024, Debt Non Current is likely to grow to about 4.9 M, while Debt Current is likely to drop about 2.3 M. At this time, Nextnav Acquisition's Tangible Assets Book Value per Share are very stable as compared to the past year.
At this time, it appears that Nextnav Acquisition's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
2.0
Piotroski F Score - Frail
Current Return On Assets

Negative

Focus
Change in Return on Assets

Decreased

Focus
Cash Flow Return on Assets

Negative

Focus
Current Quality of Earnings (accrual)

Improving

Focus
Asset Turnover Growth

Decrease

Focus
Current Ratio Change

Increase

Focus
Long Term Debt Over Assets Change

Higher Leverage

Focus
Change In Outstending Shares

Increase

Focus
Change in Gross Margin

No Change

Focus

Nextnav Acquisition Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Nextnav Acquisition is to make sure Nextnav is not a subject of accounting manipulations and runs a healthy internal audit department. So, 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. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Nextnav Acquisition's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted125.4 M116.2 M
Significantly Up
Slightly volatile
Weighted Shares125.4 M116.2 M
Significantly Up
Slightly volatile
Current Liabilities9.6 M10.2 M
Notably Down
Pretty Stable
Total Liabilities18.4 M17.9 M
Fairly Up
Very volatile
Total Debt7.2 MM
Fairly Up
Very volatile
Asset Turnover0.02980.0368
Significantly Down
Slightly volatile
Current Assets66.7 M70.4 M
Notably Down
Slightly volatile
Total Assets124.8 M142.4 M
Fairly Down
Slightly volatile

Nextnav Acquisition Corp F 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 project the various growth rates. 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.

About Nextnav Acquisition Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

EBITDA Margin

(11.82)

At this time, Nextnav Acquisition's EBITDA Margin is very stable as 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.
NextNav Inc. provides next generation global positioning system and 3D geolocation services. The company was founded in 2007 and is headquartered in McLean, Virginia. Nextnav operates under Internet Content Information classification in the United States and is traded on NASDAQ Exchange. It employs 61 people.
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.

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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:

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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.
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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
(0.63)
Revenue Per Share
0.032
Quarterly Revenue Growth
1.042
Return On Assets
(0.25)
Return On Equity
(0.77)
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.