With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $17.2732 whereas the lowest price it dropped to was $16.67. The 52-week range on NN shows that it touched its highest point at $18.10 and its lowest point at $3.55 during that stretch. It currently has a 1-year price target of $18.00. Beta for the stock currently stands at 1.15.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NN was down-trending over the past week, with a drop of -2.19%, but this was up by 25.91% over a month. Three-month performance surged to 141.62% while six-month performance rose 128.32%. The stock gained 332.82% in the past year, while it has gained 282.25% so far this year. A look at the trailing 12-month EPS for NN yields -0.75 with Next year EPS estimates of -0.46. For the next quarter, that number is -0.14. This implies an EPS growth rate of -9.60% for this year and 36.41% for next year.
Float and Shares Shorts:
At present, 127.55 million NN shares are outstanding with a float of 44.41 million shares on hand for trading. On 2024-11-15, short shares totaled 13.68 million, which was 1062.0 higher than short shares on 1728950400. In addition to Ms. Mariam Sorond as the firm’s Chairman, CEO & President, Mr. Christian D. Gates serves as its Executive VP & CFO.
Institutional Ownership:
Through their ownership of 0.53856 of NN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NN reported revenue of $1607000.0 and operating income of -$13852000.0. The EBITDA in the recently reported quarter was -$12196000.0 and diluted EPS was -$0.11.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With NN analysts setting a high price target of 20.0 and a low target of 20.0, the average target price over the next 12 months is 20.0. Based on these targets, NN could surge 17.58% to reach the target high and rise by 17.58% to reach the target low. Reaching the average price target will result in a growth of 17.58% from current levels.
Analysts have provided yearly estimates in a range of -$0.70378 being high and -$0.74288 being low. For NN, this leads to a yearly average estimate of -$0.72333. The surprise factor in the prior quarter was -$0.14. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
