Nextnav Acquisition Corp Stock Performance

NN Stock  USD 3.97  0.08  1.98%   
The company secures a Beta (Market Risk) of 1.58, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nextnav Acquisition will likely underperform. Even though it is essential to pay attention to Nextnav Acquisition Corp price patterns, it is always good to be careful when utilizing equity historical price patterns. Nextnav Acquisition Corp has an expected return of -0.0327%. Please make sure to verify Nextnav Acquisition Corp potential upside, rate of daily change, as well as the relationship between the Rate Of Daily Change and relative strength index to decide if Nextnav Acquisition Corp performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Over the last 90 days Nextnav Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy basic indicators, Nextnav Acquisition is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1
NextNav appoints Sorond as CEO as Pattabiraman steps down
11/30/2023
2
Acquisition by Sorond Mariam of 1500000 shares of Nextnav Acquisition subject to Rule 16b-3
12/01/2023
3
Insider Buying NN, Inc. Director Buys 118,500.00 in Stock
12/07/2023
4
Nextnav Acquisition exotic insider transaction detected
12/08/2023
5
NN, Inc. Announces 10M New Business Win in Automotive Electrical Wiring
12/19/2023
6
Sale by Sammaad Shams of 119 shares of Nextnav Acquisition
12/20/2023
7
Acquisition by Subin Neil S of 24 shares of Nextnav Acquisition subject to Rule 16b-3
12/29/2023
8
NextNav Sees Unusually-High Trading Volume
01/11/2024
9
Purchase by Samberg Joseph D of 150000 shares of Nextnav Acquisition
01/23/2024
10
What Makes Nextnav a Prospective Investment - Insider Monkey
01/29/2024
11
Acquisition by Sammaad Shams of 37303 shares of Nextnav Acquisition subject to Rule 16b-3
02/09/2024
12
Unclassified Event
02/12/2024
13
NN, Inc. to Hold Fourth Quarter and Full Year 2023 Earnings Conference Call on Tuesday, March 12, 2024
02/27/2024
Begin Period Cash Flow100.1 M
Total Cashflows From Investing Activities-15.7 M
  

Nextnav Acquisition Relative Risk vs. Return Landscape

If you would invest  421.00  in Nextnav Acquisition Corp on December 1, 2023 and sell it today you would lose (24.00) from holding Nextnav Acquisition Corp or give up 5.7% of portfolio value over 90 days. Nextnav Acquisition Corp is generating negative expected returns and assumes 3.6321% volatility on return distribution over the 90 days horizon. Put differently, 31% of stocks are less risky than Nextnav on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days.
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Allowing for the 90-day total investment horizon Nextnav Acquisition is expected to under-perform the market. In addition to that, the company is 5.65 times more volatile than its market benchmark. It trades about -0.01 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.2 per unit of volatility.

Nextnav Acquisition Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nextnav Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nextnav Acquisition Corp, and traders can use it to determine the average amount a Nextnav Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.009

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Estimated Market Risk

 3.63
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69% of assets are more volatile

Expected Return

 -0.03
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Most of other assets have higher returns

Risk-Adjusted Return

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Most of other assets perform better
Based on monthly moving average Nextnav Acquisition is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nextnav Acquisition by adding Nextnav Acquisition to a well-diversified portfolio.

Nextnav Acquisition Fundamentals Growth

Nextnav Stock prices reflect investors' perceptions of the future prospects and financial health of Nextnav Acquisition, and Nextnav Acquisition fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nextnav Stock performance.

About Nextnav Acquisition Performance

To evaluate Nextnav Acquisition Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Nextnav Acquisition generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Nextnav Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Nextnav Acquisition Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Nextnav's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Effect of Exchange Rate Changes on Cash-52.2 K-53.6 K
Return on Average Assets(0.37)(0.40)
Return on Average Equity(0.37)(0.38)
Return on Invested Capital(1.11)(1.19)
Return on Sales(12.02)(12.97)

Things to note about Nextnav Acquisition Corp performance evaluation

Checking the ongoing alerts about Nextnav Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nextnav Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nextnav Acquisition generated a negative expected return over the last 90 days
Nextnav Acquisition has high historical volatility and very poor performance
The company generated the yearly revenue of 3.93 M. Annual Net Loss to common stockholders was (40.12 M) with gross Loss of (7.88 M).
Nextnav Acquisition Corp reports about 82.52 M in cash with (37.09 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81.
Nextnav Acquisition has a frail financial position based on the latest SEC disclosures
Roughly 27.0% of the company outstanding shares are owned by corporate insiders
Latest headline from globenewswire.com: NN, Inc. to Hold Fourth Quarter and Full Year 2023 Earnings Conference Call on Tuesday, March 12, 2024
Evaluating Nextnav Acquisition's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nextnav Acquisition's stock performance include:
  • Analyzing Nextnav Acquisition's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nextnav Acquisition's stock is overvalued or undervalued compared to its peers.
  • Examining Nextnav Acquisition's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Nextnav Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nextnav Acquisition's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Nextnav Acquisition's stock. These opinions can provide insight into Nextnav Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Nextnav Acquisition's stock performance is not an exact science, and many factors can impact Nextnav Acquisition's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextnav Acquisition Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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.