Summary
NextNav Inc. (NN) has shown significant price appreciation, gaining 69.09% since the Trend Seeker buy signal on 10/15 and 194.34% in the last year.
The company offers advanced positioning, navigation, and timing solutions, serving sectors like telecom, public safety, and gaming, with strong revenue and earnings growth projections.
Barchart's technical indicators show 100% buy signals, a high Weighted Alpha of 183.83+, and the stock is above its 20, 50, and 100-day moving averages.
Despite strong technicals, analyst opinions are mixed with price targets between $6 and $12, and MorningStar rating it as 31% undervalued at a fair value of $20.
The Chart of the Day belongs to the software infrastructure company NextNav (NN) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10/15 the stock gained 69.09%.
NN Price vs Daily Moving Averages
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. The company also provides TerraPoiNT, an 3D PNT system, provides positioning, navigation and timing services provided by GPS through a land-based GPS satellite constellation. It serves Wi-Fi, telecom, public safety, gaming and location apps, and critical infrastructure applications. NextNav Inc. was founded in 2007 and is headquartered in McLean, Virginia.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 183.83+ Weighted Alpha
- 194.34% gain in the last year
- Trend Seeker buy signal
- .94 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 18 new highs and up 73.65% in the last month
- Relative Strength Index 87.49%
- Technical support level at $13.08
- Recently traded at $13.51 with 50 day moving average of $8.57
Fundamental Factors:
- Market Cap $1.63 billion
- Revenue expected to grow 18.30% this year and another 61.10% next year
- Earnings are estimated to increase an additional 35.40%
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 1 strong buy and 1 hold opinion on the stock
- Analysts' price targets are between $6 and $12
- Value Line rates the stock its above average rating of 2
- CFRAs MarketScope rates the stock a strong sell
- MorningStar gives the stock its average rating of 3 with a fair value of $20 or 31% under valued
- 1,040 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
