NextNav (NN) Scheduled to Post Quarterly Earnings on Wednesday

NextNav (NASDAQ:NN) is set to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

NextNav (NASDAQ:NN) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $1.21 million for the quarter, compared to the consensus estimate of $1.19 million. NextNav had a negative net margin of 1,857.46% and a negative return on equity of 81.56%. On average, analysts expect NextNav to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NextNav Stock Performance

NN opened at $8.54 on Tuesday. The firm has a 50-day moving average of $6.61 and a 200 day moving average of $5.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 9.31 and a current ratio of 9.31. NextNav has a fifty-two week low of $2.01 and a fifty-two week high of $9.50.

Insider Activity at NextNav

In other NextNav news, Director Neil S. Subin bought 50,000 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of $4.72 per share, for a total transaction of $236,000.00. Following the completion of the transaction, the director now directly owns 2,115,213 shares of the company’s stock, valued at $9,983,805.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Neil S. Subin purchased 50,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average cost of $4.72 per share, with a total value of $236,000.00. Following the completion of the acquisition, the director now owns 2,115,213 shares in the company, valued at approximately $9,983,805.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Sammaad Shams sold 13,469 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $4.23, for a total transaction of $56,973.87. Following the completion of the sale, the chief accounting officer now directly owns 74,122 shares in the company, valued at $313,536.06. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 583,000 shares of company stock worth $2,633,160 and sold 75,000 shares worth $317,250. 11.30% of the stock is owned by company insiders.

NextNav Company Profile

NextNav Inc provides next generation positioning, navigation, and timing (PNT) solutions in the United States. It offers Pinnacle, a dedicated vertical positioning network to cover entire metropolitan areas including devices equipped with a barometric pressure sensor with the highest quality wide-area altitude service.