Nextnav Acquisition Corp Stock Today

NN Stock  USD 4.15  0.06  1.47%   

Performance

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Odds Of Distress

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Nextnav Acquisition is selling at 4.15 as of the 22nd of February 2024; that is 1.47 percent up since the beginning of the trading day. The stock's open price was 4.09. Nextnav Acquisition has about a 24 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Nextnav Acquisition Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of November 2023 and ending today, the 22nd of February 2024. Please note, there could be an existing legal relationship between Nextnav Acquisition Corp (NN) and Spartacus Acquisition (TMTSW). Click here to learn more.
Business Domain
Software & Services
IPO Date
28th of October 2021
Category
Technology
Classification
Information Technology
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. The company has 110.16 M outstanding shares of which 8.27 M shares are now sold short in the market by investors with about 8.68 days to cover all shorted shares. More on Nextnav Acquisition Corp

Moving against Nextnav Stock

  0.41VRNT Verint Systems Report 3rd of April 2024 PairCorr

Nextnav Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nextnav Acquisition's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nextnav Acquisition or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityTMTSW (Spartacus Acquisition)
President CEOMariam Sorond
Thematic IdeaElectronic Equipment (View all Themes)
SEC FilingsNextnav Acquisition Security & Exchange Commission EDGAR Reports
Business ConcentrationApplication Software, Software - Infrastructure, Information Technology, NASDAQ Composite, Electronic Equipment, Information Technology, Software, Internet Content & Information, Communication Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Nextnav Acquisition report their recommendations after researching Nextnav Acquisition's financial statements, talking to executives and customers, or listening in on Nextnav Acquisition's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Nextnav Acquisition Corp. The Nextnav consensus assessment is calculated by taking the average forecast from all of the analysts covering Nextnav Acquisition.
Financial Strength
Based on the analysis of Nextnav Acquisition's profitability, liquidity, and operating efficiency, Nextnav Acquisition Corp is not in a good financial situation at the present time. It has a very high chance of going through financial crunch in March. Financial strength of Nextnav Acquisition Corp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nextnav Acquisition's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nextnav Acquisition's financial leverage. It provides some insight into what part of Nextnav Acquisition's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Nextnav Acquisition's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Nextnav Acquisition deploys its capital and how much of that capital is borrowed.
Liquidity
Nextnav Acquisition cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company reports 7.82 M of total liabilities with total debt to equity ratio (D/E) of 0.08, which may suggest the company is not taking enough advantage from financial leverage. Nextnav Acquisition Corp has a current ratio of 10.93, indicating that it is in good position to pay out its debt commitments in time. Debt can assist Nextnav Acquisition until it has trouble settling it off, either with new capital or with free cash flow. So, Nextnav Acquisition's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nextnav Acquisition Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nextnav to invest in growth at high rates of return. When we think about Nextnav Acquisition's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(36.02 Million)
Nextnav Acquisition Corp (NN) is traded on NASDAQ Exchange in USA. It is located in 1775 Tysons Boulevard, McLean, VA, United States, 22102 and employs 106 people. Nextnav Acquisition is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a market capitalization of 478.08 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nextnav Acquisition's market, we take the total number of its shares issued and multiply it by Nextnav Acquisition's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nextnav Acquisition Corp is active under Software sector as part of Information Technology industry. The entity has 110.16 M outstanding shares of which 8.27 M shares are now sold short in the market by investors with about 8.68 days to cover all shorted shares. 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.
Check Nextnav Acquisition Probability Of Bankruptcy
Ownership Allocation
Nextnav Acquisition Corp maintains a total of one hundred ten million one hundred fifty-seven thousand outstanding shares. Over half of Nextnav Acquisition Corp outstanding shares are owned by institutional investors. These institutional investors are typically referred to corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulation than regular investors in Nextnav Acquisition Corp. Please watch out for any change in the institutional holdings of Nextnav Acquisition Corp as this could mean something significant has changed or about to change at the company. Please note that no matter how much assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Nextnav Ownership Details

Nextnav Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Nextnav Acquisition jumping above the current price in 90 days from now is about 59.54%. The Nextnav Acquisition Corp probability density function shows the probability of Nextnav Acquisition stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 1.6542. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nextnav Acquisition will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Nextnav Acquisition Corp is significantly underperforming NYSE Composite.
  Odds Below 4.15HorizonTargetOdds Above 4.15
40.28%90 days
 4.15 
59.54%
Based on a normal probability distribution, the odds of Nextnav Acquisition to move above the current price in 90 days from now is about 59.54 (This Nextnav Acquisition Corp probability density function shows the probability of Nextnav Stock to fall within a particular range of prices over 90 days) .

Nextnav Stock 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.
InstituionRecorded OnShares
Northern Trust Corp2023-09-30
443.3 K
Royce & Associates, Lp2023-09-30
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
Renaissance Technologies Corp2023-12-31
145.4 K
Fortress Investment Group Llc2023-12-31
14.2 M
Nea Management Company, Llc2023-09-30
8.2 M
View Nextnav Acquisition Diagnostics

Nextnav Acquisition Historical Income Statement

Nextnav Acquisition Corp Income Statement is one of the three primary financial statements used for reporting Nextnav's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nextnav Acquisition Corp revenue and expense. Nextnav Acquisition Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Nextnav Acquisition's Operating Expenses is very stable as compared to the past year. As of the 22nd of February 2024, Preferred Dividends Income Statement Impact is likely to grow to about 12.8 M, while Consolidated Income is likely to drop (39 M). View More Fundamentals

Nextnav Stock Against Markets

Picking the right benchmark for Nextnav Acquisition stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nextnav Acquisition stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nextnav Acquisition is critical whether you are bullish or bearish towards Nextnav Acquisition Corp at a given time. Please also check how Nextnav Acquisition's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nextnav Acquisition without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Nextnav Acquisition Corporate Management

Elected by the shareholders, the Nextnav Acquisition's board of directors comprises two types of representatives: Nextnav Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nextnav. The board's role is to monitor Nextnav Acquisition's management team and ensure that shareholders' interests are well served. Nextnav Acquisition's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nextnav Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
Christian GatesChief OfficerProfile
David KnutsonSenior DeploymentProfile
Sammaad ShamsCorporate OfficerProfile
Ganesh PattabiramanCEO, CoFounderProfile
Gillian SmithChief OfficerProfile

How to buy Nextnav Stock?

Before investing in Nextnav Acquisition, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nextnav Acquisition. To buy Nextnav Acquisition stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nextnav Acquisition. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nextnav Acquisition stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nextnav Acquisition Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nextnav Acquisition Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nextnav Acquisition Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nextnav Stock please use our How to Invest in Nextnav Acquisition guide.

Already Invested in Nextnav Acquisition Corp?

The danger of trading Nextnav Acquisition Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nextnav Acquisition is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nextnav Acquisition. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nextnav Acquisition Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 board of governors.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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.