NextNav Inc’s filing revealed that its Chief Accounting Officer Shams Sammaad unloaded Company’s shares for reported $1687.0 on Dec 19 ’24. In the deal valued at $16.54 per share,102 shares were sold. As a result of this transaction, Shams Sammaad now holds 60,695 shares worth roughly $0.77 million.
Then, SAMMAAD SHAMS bought 102 shares, generating $1,680 in total proceeds.
Before that, Raghupathy Arun bought 3,332 shares. NextNav Inc shares valued at $61,042 were divested by the Officer at a price of $18.32 per share.
B. Riley Securities reiterated its NextNav Inc [NN] rating to a Buy in a research note published on November 14, 2024; the price target was $20. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Perform”. R. F. Lafferty began covering NN with “Buy” recommendation on January 06, 2022.
Price Performance Review of NN
On Tuesday, NextNav Inc [NASDAQ:NN] saw its stock fall -4.32% to $12.63. Over the last five days, the stock has lost -6.48%. NextNav Inc shares have fallen nearly -18.83% since the year began. Nevertheless, the stocks have risen 206.18% over the past one year. While a 52-week high of $18.54 was reached on 01/03/25, a 52-week low of $3.55 was recorded on 01/06/25. SMA at 50 days reached $15.34, while 200 days put it at $9.80.
Levels Of Support And Resistance For NN Stock
The 24-hour chart illustrates a support level at 12.23, which if violated will result in even more drops to 11.82. On the upside, there is a resistance level at 13.21. A further resistance level may holdings at 13.78. The Relative Strength Index (RSI) on the 14-day chart is 37.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.82%. Stochastics %K at 27.79% indicates the stock is a holding.
How much short interest is there in NextNav Inc?
A steep rise in short interest was recorded in NextNav Inc stocks on 2024-12-31, growing by 0.29 million shares to a total of 12.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 12.18 million shares. There was a rise of 2.34%, which implies that there is a positive sentiment for the stock.
