Nextnav Acquisition Corp Stock Price on November 20, 2024
| NN Stock | USD 17.39 0.66 3.95% |
If you're considering investing in Nextnav Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nextnav Acquisition stands at 17.39, as last reported on the 1st of December, with the highest price reaching 18.10 and the lowest price hitting 16.91 during the day. Nextnav Acquisition is slightly risky given 3 months investment horizon. Nextnav Acquisition Corp has Sharpe Ratio of 0.4, which conveys that the firm had a 0.4% return per unit of risk over the last 3 months. We were able to interpolate thirty different technical indicators, which can help you to evaluate if expected returns of 1.48% are justified by taking the suggested risk. Use Nextnav Acquisition Corp Risk Adjusted Performance of 0.2924, mean deviation of 2.89, and Downside Deviation of 4.18 to evaluate company specific risk that cannot be diversified away.
At this time, Nextnav Acquisition's Total Stockholder Equity is very stable compared to the past year. Sale Purchase Of Stock is expected to grow at the current pace this year, while Common Stock Shares Outstanding is likely to drop about 60.1 M. . As of the 1st of December 2024, Price To Sales Ratio is likely to drop to 118.19. In addition to that, Price Earnings Ratio is likely to drop to -7.03. Nextnav Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nextnav |
Sharpe Ratio = 0.4011
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Estimated Market Risk
| 3.69 actual daily | 32 68% of assets are more volatile |
Expected Return
| 1.48 actual daily | 29 71% of assets have higher returns |
Risk-Adjusted Return
| 0.4 actual daily | 31 69% of assets perform better |
Based on monthly moving average Nextnav Acquisition is performing at about 31% of its full potential. 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 it to a well-diversified portfolio.
Price Book 34.1761 | Enterprise Value Ebitda (1.55) | Price Sales 451.5338 | Shares Float 66.5 M | Wall Street Target Price 20 |
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Nextnav Acquisition Valuation on November 20, 2024
It is possible to determine the worth of Nextnav Acquisition on a given historical date. On November 20, 2024 Nextnav was worth 16.3 at the beginning of the trading date compared to the closed value of 15.35. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nextnav Acquisition stock. Still, in general, we apply an absolute valuation method to find Nextnav Acquisition's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nextnav Acquisition where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nextnav Acquisition's related companies.
| Open | High | Low | Close | Volume | |
| 14.97 | 16.23 | 14.86 | 16.21 | 1,590,879 | |
11/20/2024 | 16.30 | 16.54 | 15.25 | 15.35 | 1,268,252 |
| 15.58 | 15.77 | 15.12 | 15.54 | 975,024 |
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Nextnav Acquisition Trading Date Momentum on November 20, 2024
| On November 21 2024 Nextnav Acquisition Corp was traded for 15.54 at the closing time. The highest price during the trading period was 15.77 and the lowest recorded bid was listed for 15.12 . The volume for the day was 975 K. This history from November 21, 2024 contributed to the next trading day price boost. The trading delta at closing time to the next closing price was 1.24% . The trading delta at closing time to the current price is 10.42% . |
Nextnav Acquisition Corp Fundamentals Correlations and Trends
By evaluating Nextnav Acquisition's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nextnav Acquisition's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nextnav financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nextnav Acquisition Stock history
Nextnav Acquisition investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nextnav is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nextnav Acquisition Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nextnav Acquisition stock prices may prove useful in developing a viable investing in Nextnav Acquisition
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 108 M | 60.1 M | |
| Net Loss | -46.1 M | -48.4 M |
Nextnav Acquisition Quarterly Net Working Capital |
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Nextnav Acquisition Stock Technical Analysis
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.
Price Boundaries
Nextnav Acquisition Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
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Nextnav Acquisition December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Nextnav Acquisition stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nextnav Acquisition shares will generate the highest return on investment. By undertsting and applying Nextnav Acquisition stock market strength indicators, traders can identify Nextnav Acquisition Corp entry and exit signals to maximize returns
Nextnav Acquisition Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nextnav Acquisition's price direction in advance. Along with the technical and fundamental analysis of Nextnav Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nextnav to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2924 | |||
| Jensen Alpha | 1.3 | |||
| Total Risk Alpha | 0.7724 | |||
| Sortino Ratio | 0.3063 | |||
| Treynor Ratio | 1.59 |
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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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Is Application Software space 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 (0.74) | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.565 | Return On Assets (0.24) | Return On Equity (1.15) |
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.