With 0.59 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 $8.7 whereas the lowest price it dropped to was $8.355. The 52-week range on NN shows that it touched its highest point at $9.50 and its lowest point at $2.01 during that stretch. It currently has a 1-year price target of $12.00. Beta for the stock currently stands at 1.14.
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 -5.71%, but this was up by 9.29% over a month. Three-month performance surged to 107.99% while six-month performance rose 83.55%. The stock gained 312.98% in the past year, while it has gained 93.03% so far this year. A look at the trailing 12-month EPS for NN yields -0.67 with Next year EPS estimates of -0.47. For the next quarter, that number is -0.14. This implies an EPS growth rate of 13.64% for this year and 16.67% for next year.
Float and Shares Shorts:
At present, 111.13 million NN shares are outstanding with a float of 28.29 million shares on hand for trading. On 2024-04-15, short shares totaled 10.36 million, which was 919.9999999999999 higher than short shares on 1710460800. In addition to Mr. Gary M. Parsons as the firm’s Executive Chairman, Ms. Mariam Sorond serves as its CEO, President & Director.
Institutional Ownership:
Through their ownership of 0.47169998 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 2023-12-31, NN reported revenue of $1205000.0 and operating income of -$19929000.0. The EBITDA in the recently reported quarter was -$14400000.0 and diluted EPS was $nan.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
