Nextnav Acquisition Corp Stock Z Score

NN Stock  USD 4.30  0.02  0.47%   
Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Nextnav Acquisition Piotroski F Score and Nextnav Acquisition Valuation analysis.
  
At this time, Nextnav Acquisition's Invested Capital is very stable as compared to the past year. As of the 2nd of March 2024, Invested Capital Average is likely to grow to about 41.4 M, while Capital Expenditure is likely to drop (2.9 M). At this time, Nextnav Acquisition's Operating Expenses is very stable as compared to the past year. As of the 2nd of March 2024, Preferred Dividends Income Statement Impact is likely to grow to about 12.8 M, while Consolidated Income is likely to drop (39 M).

Nextnav Z Score Analysis

Nextnav Acquisition's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 2021 2022 2023 2024 (projected)
Revenues USD763K3.9M4.5M4.9M
Revenues763K3.9M4.5M4.9M

Z Score

 = 

Sum Of

5 Factors

More About Z Score | All Equity Analysis

Current Nextnav Acquisition Z Score

    
  26.78  
Most of Nextnav Acquisition's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nextnav Acquisition Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

First Factor

 = 

1.2 * (

Working Capital

/

Total Assets )

Second Factor

 = 

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

 = 

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

 = 

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

 = 

0.99 * (

Revenue

/

Total Assets )

Nextnav Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Nextnav Acquisition is extremely important. It helps to project a fair market value of Nextnav Stock properly, considering its historical fundamentals such as Z Score. Since Nextnav Acquisition's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nextnav Acquisition's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nextnav Acquisition's interrelated accounts and indicators.
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition

Based on the company's disclosures, Nextnav Acquisition Corp has a Z Score of 26.78. This is 1494.79% lower than that of the Software sector and significantly higher than that of the Information Technology industry. The z score for all United States stocks is notably lower than that of the firm.

Nextnav Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nextnav Acquisition's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nextnav Acquisition could also be used in its relative valuation, which is a method of valuing Nextnav Acquisition by comparing valuation metrics of similar companies.
Nextnav Acquisition is currently under evaluation in z score category among related companies.

Nextnav Acquisition Institutional Holders

Institutional Holdings refers to the ownership stake in Nextnav Acquisition that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nextnav Acquisition's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nextnav Acquisition's value.
Shares
Northern Trust Corp2023-09-30
443.3 K
Royce & Associates, Lp2023-12-31
368.9 K
Charles Schwab Investment Management Inc2023-09-30
357.2 K
Jane Street Group, Llc2023-09-30
354.7 K
Barclays Plc2023-09-30
269.6 K
Morgan Stanley - Brokerage Accounts2023-09-30
242.3 K
Bank Of America Corp2023-09-30
215.8 K
Bank Of New York Mellon Corp2023-09-30
162.4 K
Marshall Wace Asset Management Ltd2023-12-31
162.2 K
Fortress Investment Group Llc2023-12-31
14.2 M
Nea Management Company, Llc2023-12-31
8.2 M

Nextnav Fundamentals

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.

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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:
Check out Nextnav Acquisition Piotroski F Score and Nextnav Acquisition Valuation analysis.
You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.