Nextnav Acquisition Corp Stock Technical Analysis

NN Stock  USD 8.08  0.29  3.72%   
As of the 19th of April, Nextnav Acquisition secures the Risk Adjusted Performance of 0.1272, mean deviation of 4.34, and Downside Deviation of 5.51. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nextnav Acquisition Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Nextnav Acquisition, which can be compared to its peers in the industry. Please verify Nextnav Acquisition Corp coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Nextnav Acquisition Corp is priced some-what accurately, providing market reflects its recent price of 8.08 per share. Given that Nextnav Acquisition Corp has jensen alpha of 1.27, we recommend you to check Nextnav Acquisition's last-minute market performance to make sure the company can sustain itself at a future point.

Nextnav Acquisition Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nextnav, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nextnav
  
Nextnav Acquisition's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Nextnav Acquisition Analyst Consensus

Target PriceAdvice# of Analysts
9.0Strong Buy3Odds
Nextnav Acquisition Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nextnav analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nextnav stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nextnav Acquisition Corp, talking to its executives and customers, or listening to Nextnav conference calls.
Nextnav Analyst Advice Details
Nextnav Acquisition technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nextnav Acquisition technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nextnav Acquisition trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Nextnav Acquisition Corp Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Nextnav Acquisition Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nextnav Acquisition Corp Trend Analysis

Use this graph to draw trend lines for Nextnav Acquisition Corp. You can use it to identify possible trend reversals for Nextnav Acquisition as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Nextnav Acquisition price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Nextnav Acquisition Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nextnav Acquisition Corp applied against its price change over selected period. The best fit line has a slop of   0.07  , which suggests that Nextnav Acquisition Corp will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 211.71, which is the sum of squared deviations for the predicted Nextnav Acquisition price change compared to its average price change.

About Nextnav Acquisition Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Nextnav Acquisition Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Nextnav Acquisition Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nextnav Acquisition Corp price pattern first instead of the macroeconomic environment surrounding Nextnav Acquisition Corp. By analyzing Nextnav Acquisition's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Nextnav Acquisition's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Nextnav Acquisition specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Payables Turnover44.9247.17
Days Of Inventory On Hand211.39187.9

Nextnav Acquisition April 19, 2024 Technical Indicators

Most technical analysis of Nextnav help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Nextnav from various momentum indicators to cycle indicators. When you analyze Nextnav charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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.
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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
(0.66)
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.