NextNav (NN)
Market Price (5/22/2026): $21.74 | Market Cap: $2.9 BilSector: Information Technology | Industry: Electronic Equipment & Instruments
NextNav (NN)
Market Price (5/22/2026): $21.74Market Cap: $2.9 BilSector: Information TechnologyIndustry: Electronic Equipment & Instruments
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Wireless Services, Drone Technology, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -73 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1801% Expensive valuation multiplesP/SPrice/Sales ratio is 718x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -35%, Rev Chg QQuarterly Revenue Change % is -35% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 432% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1206%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1218% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.0% Key risksNN key risks include [1] dependence on a single, Show more. |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Advanced Aviation & Space. Themes include Wireless Services, Drone Technology, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 14% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -73 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1801% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 718x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -35%, Rev Chg QQuarterly Revenue Change % is -35% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 432% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1206%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1218% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.0% |
| Key risksNN key risks include [1] dependence on a single, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Better-than-expected First Quarter 2026 Financial Results. NextNav reported an EPS of -$0.12 for Q1 2026, surpassing the consensus estimate of -$0.15 by $0.03. Additionally, quarterly revenue reached $1 million, exceeding the consensus estimate of $0.94 million. The company also significantly narrowed its net loss to $10.6 million, an improvement from $58.6 million in the prior-year quarter, largely driven by favorable fair value movements on warrants and convertible notes.
2. Significant Advancements and Demonstrations in 5G Positioning, Navigation, and Timing (PNT) Technology. NextNav showcased its technical progress, including demonstrating 5G and RFID coexistence in the lower 900 MHz band on May 5, 2026. Most notably, on May 20, 2026, the company announced real-world field validation of its 5G PNT Network's timing accuracy, achieving approximately 20 nanoseconds. This performance significantly exceeds the 100-nanosecond requirement for critical infrastructure applications, highlighting its potential for sectors like AI data centers, electric utilities, and public safety.
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Stock Movement Drivers
Fundamental Drivers
The 48.9% change in NN stock from 1/31/2026 to 5/21/2026 was primarily driven by a 107.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.36 | 21.38 | 48.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 4 | -27.3% |
| P/S Multiple | 345.7 | 718.1 | 107.7% |
| Shares Outstanding (Mil) | 133 | 135 | -1.5% |
| Cumulative Contribution | 48.9% |
Market Drivers
1/31/2026 to 5/21/2026| Return | Correlation | |
|---|---|---|
| NN | 48.9% | |
| Market (SPY) | 7.6% | 21.7% |
| Sector (XLK) | 24.3% | 27.9% |
Fundamental Drivers
The 60.1% change in NN stock from 10/31/2025 to 5/21/2026 was primarily driven by a 154.4% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.35 | 21.38 | 60.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 4 | -35.6% |
| P/S Multiple | 282.2 | 718.1 | 154.4% |
| Shares Outstanding (Mil) | 132 | 135 | -2.2% |
| Cumulative Contribution | 60.1% |
Market Drivers
10/31/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| NN | 60.1% | |
| Market (SPY) | 9.5% | 26.2% |
| Sector (XLK) | 19.1% | 29.7% |
Fundamental Drivers
The 72.1% change in NN stock from 4/30/2025 to 5/21/2026 was primarily driven by a 154.0% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.42 | 21.38 | 72.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 4 | -28.9% |
| P/S Multiple | 282.8 | 718.1 | 154.0% |
| Shares Outstanding (Mil) | 129 | 135 | -4.6% |
| Cumulative Contribution | 72.1% |
Market Drivers
4/30/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| NN | 72.1% | |
| Market (SPY) | 35.5% | 24.7% |
| Sector (XLK) | 71.1% | 26.8% |
Fundamental Drivers
The 889.8% change in NN stock from 4/30/2023 to 5/21/2026 was primarily driven by a 1102.1% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.16 | 21.38 | 889.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 4 | 2.6% |
| P/S Multiple | 59.7 | 718.1 | 1102.1% |
| Shares Outstanding (Mil) | 109 | 135 | -19.8% |
| Cumulative Contribution | 889.8% |
Market Drivers
4/30/2023 to 5/21/2026| Return | Correlation | |
|---|---|---|
| NN | 889.8% | |
| Market (SPY) | 85.6% | 26.7% |
| Sector (XLK) | 141.8% | 25.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NN Return | -13% | -67% | 52% | 250% | 7% | 39% | 130% |
| Peers Return | 20% | -15% | 4% | 0% | 64% | 55% | 170% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| NN Win Rate | 67% | 33% | 67% | 58% | 58% | 60% | |
| Peers Win Rate | 67% | 42% | 53% | 47% | 60% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| NN Max Drawdown | -49% | -78% | -50% | -31% | -42% | -27% | |
| Peers Max Drawdown | -26% | -36% | -36% | -34% | -31% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IRDM, TRMB, GRMN, VSAT, LHX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
How Low Can It Go
| Event | NN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.3% | -18.8% |
| % Gain to Breakeven | 30.3% | 23.1% |
| Time to Breakeven | 20 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -17.5% | -7.8% |
| % Gain to Breakeven | 21.2% | 8.5% |
| Time to Breakeven | 74 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.3% | -6.7% |
| % Gain to Breakeven | 70.3% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -78.5% | -24.5% |
| % Gain to Breakeven | 364.8% | 32.4% |
| Time to Breakeven | 668 days | 427 days |
In The Past
NextNav's stock fell -23.3% during the 2025 US Tariff Shock. Such a loss loss requires a 30.3% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | NN | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -23.3% | -18.8% |
| % Gain to Breakeven | 30.3% | 23.1% |
| Time to Breakeven | 20 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.3% | -6.7% |
| % Gain to Breakeven | 70.3% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -78.5% | -24.5% |
| % Gain to Breakeven | 364.8% | 32.4% |
| Time to Breakeven | 668 days | 427 days |
In The Past
NextNav's stock fell -23.3% during the 2025 US Tariff Shock. Such a loss loss requires a 30.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About NextNav (NN)
AI Analysis | Feedback
NextNav is like the '5G' for location services, significantly upgrading traditional GPS capabilities, similar to how mobile carriers like AT&T or Verizon enhance cellular networks.
NextNav is like an enterprise-grade, high-precision GPS, similar to how Microsoft Azure or Amazon Web Services provide specialized cloud solutions beyond consumer-level services.
AI Analysis | Feedback
- Pinnacle: A 3D geolocation service providing next-generation positioning, navigation, and timing solutions.
- TerraPoiNT: A terrestrial-based encrypted network delivering advanced positioning, navigation, and timing (PNT) capabilities.
AI Analysis | Feedback
NextNav Inc. (NN) primarily operates on a business-to-business (B2B) model, providing its next-generation GPS and 3D geolocation services to other companies. Based on financial disclosures and market analysis, NextNav has significant customer concentration.
Its major customer is:
- T-Mobile US, Inc. (Symbol: TMUS)
This single customer has accounted for a substantial majority of NextNav's revenue in recent years (e.g., over 90% in 2023 and 2022). T-Mobile utilizes NextNav's services, particularly for enhanced location capabilities related to emergency 911 (E911) mandates, such as providing precise Z-axis (vertical) location for wireless callers.
AI Analysis | Feedback
Amazon (AMZN)
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Mariam Sorond, Chief Executive Officer
Mariam Sorond was appointed Chief Executive Officer of NextNav on November 29, 2023, and also serves as the Board Chair. She brings nearly three decades of experience leading transformational change across mobile, wireless, fixed, and satellite networks. Prior to joining NextNav, Ms. Sorond held senior executive positions as Chief Technology Officer, SEBU at VMware, Chief Research and Development Officer at CableLabs, and Chief Wireless Architect at DISH Network, where she was instrumental in architecting DISH's wireless spectrum and network. She has also served in advisory roles for the NTIA and FCC, and is currently on the Board of Directors at CTIA.
Tim Gray, Chief Financial Officer
Tim Gray was appointed Chief Financial Officer of NextNav on September 22, 2025. He is responsible for all financial functions, including financial reporting, treasury, financial planning and analysis (FP&A), capital formation, investor relations, and tax. Before joining NextNav, Mr. Gray served as Chief Financial Officer of Anterix for over a decade. His previous experience includes multiple senior finance leadership positions at MedImmune, Inc., a subsidiary of AstraZeneca, where he also served as Senior Vice President and CFO. Earlier in his career, he held roles at AOL and Nextel, and began his career at Deloitte & Touche LLP.
Arun Raghupathy, Co-Founder and Chief Technology Officer
As Co-Founder and Chief Technology Officer, Arun Raghupathy leads NextNav's technology innovation and engineering development. He played a pivotal role in architecting NextNav's 3D positioning, navigation, and timing (PNT) solutions and services, contributing to foundational intellectual property and driving system, hardware, and software design. He is currently guiding the development of NextNav's next-generation PNT technology, which integrates 5G broadband radio access technology.
Susan Insley, Executive Vice President & Chief Operating Officer
Susan Insley oversees NextNav's program management and operations, product and software, IT & security, and human resources. She has over 25 years of experience in people management, finance, and business operations, having held key roles at prominent technology companies such as VMware, VeriSign, and Intel. Prior to her expanded role, Ms. Insley served as NextNav's Chief People Officer.
Chris Gates, Executive Vice President, Corporate Development
Chris Gates serves as NextNav's Executive Vice President of Corporate Development, a position he transitioned to on September 22, 2025. Prior to this, he was responsible for all corporate finance functions from 2021 to September 2025 as the company's CFO, leading its transition to public company operations. He previously served as Senior Vice President of Strategy, Corporate and Business Development, where he led strategic partnerships, contributed to policy and standards outreach, and supported public safety initiatives. Mr. Gates is a co-inventor on several patents related to NextNav's technologies and previously served as Vice President of Strategy at SkyTerra.
AI Analysis | Feedback
NextNav Inc. (NN) faces several key risks to its business operations and future prospects:- Regulatory Dependence and FCC Decision: A primary risk for NextNav is its heavy reliance on a positive regulatory decision from the Federal Communications Commission (FCC) regarding its exclusive 900 MHz spectrum. The company's entire investment thesis is "hinges on a single, massive regulatory hurdle" concerning the monetization of its spectrum for positioning, navigation, and timing (PNT) applications, and the approval of a national 15-megahertz broadband license in the lower 900MHz band. Regulatory delays or an unfavorable decision would render the company's business model unviable and could lead to a significant reevaluation of its value.
- Financial Performance and Cash Burn: NextNav exhibits significant financial challenges, characterized by minimal and volatile revenue, ongoing substantial losses, and consistent cash burn. The company's revenue is "small, highly concentrated, and shows significant volatility". It is "currently unprofitable" with a "forecast annual revenue growth rate that is actually negative". This necessitates a reliance on future potential rather than current operational profitability.
- Competition and Market Adoption: NextNav operates in a highly competitive landscape dominated by the "globally-entrenched, free-to-use GPS system," and faces competition from large, established technology companies. The company's growth is "entirely dependent on the market accepting and adopting its 3D PNT technology". There is also uncertainty regarding the integration of NextNav's technology into major mobile devices, as companies like Google and Apple have their own existing solutions.
AI Analysis | Feedback
The rapid advancement and widespread integration of alternative positioning technologies into consumer devices and operating systems presents a clear emerging threat. These technologies include enhanced multi-frequency/multi-constellation Global Navigation Satellite System (GNSS) receivers, Ultra-Wideband (UWB), Wi-Fi RTT (Round Trip Time), and sophisticated sensor fusion combined with computer vision (e.g., SLAM). As these capabilities become standard features in smartphones and other devices, leveraging existing infrastructure or on-device processing for precise 3D geolocation, they could diminish the unique value proposition and market demand for NextNav's dedicated network-based Pinnacle and TerraPoiNT solutions.
AI Analysis | Feedback
NextNav Inc. (NN) operates in significant addressable markets for its next-generation global positioning system (GPS) and 3D geolocation services. The company estimates its total addressable market to be over $50 billion in the United States and exceeding $100 billion globally for its services, which include Pinnacle and TerraPoiNT solutions. Specifically, the global Positioning, Navigation, and Timing (PNT) market, where NextNav is a key player, was valued at $100 billion in 2024 and is projected to grow to over $440 billion by 2033. For the United States, the total quantified value of having a terrestrial backup to GPS is estimated at $14.6 billion. This value is broken down into a $10.8 billion "insurance policy" against GPS outages and an additional $3.8 billion in benefits from increased system resiliency. NextNav's solutions, particularly TerraPoiNT, aim to mitigate potential U.S. economic losses from GPS outages, which could range from $663 million for a single-day outage to $31.9 billion for a 30-day outage.AI Analysis | Feedback
NextNav (NN) anticipates several key drivers to fuel its revenue growth over the next two to three years:
- Regulatory Approval and Commercialization of NextGen Positioning, Navigation, and Timing (PNT) Solution: A primary driver for NextNav is the ongoing process with the Federal Communications Commission (FCC) to reorganize the 900 MHz band. A favorable FCC decision is considered crucial for the company to fully commercialize its NextGen PNT solution, a terrestrial-based encrypted network designed to complement and backup traditional GPS systems. This 5G-based 3D PNT solution is highlighted as the main driver of future growth and represents a massive potential market.
- Expansion and Monetization of Pinnacle Platform and E911 Services: NextNav expects continued growth through the expansion of its core E911 service offering and increased monetization of its Pinnacle 3D geolocation platform. The company's 2024 growth was partly attributed to successfully signing new contracts and expanding these services.
- Securing New Technology and Services Contracts with Government and Commercial Customers: Consistent increases in NextNav's service revenue have been driven by new technology and services contracts with both government and commercial entities. The company continues to prioritize these customer segments for revenue generation.
- Strategic Partnerships and Spectrum Repurposing for 5G Broadband: NextNav is exploring the strategic repurposing of a portion of its 900 MHz spectrum for 5G broadband services, which could significantly enhance the value of its spectrum assets. The company is also prioritizing relationships and potential partnerships with mobile network operators to facilitate future infrastructure developments and the widespread commercialization of its 5G-based 3D PNT solution.
AI Analysis | Feedback
Share Repurchases
No information available regarding share repurchases or authorized future repurchases for NextNav over the last 3-5 years.
Share Issuance
- NextNav had 135 million shares outstanding in Q3 2025, marking a 1.3% increase from the prior quarter.
- On March 27, 2025, NextNav issued warrants for 7.8 million shares as part of a $190 million private placement of Senior Secured Convertible Notes.
- Proceeds from the exercise of common stock options amounted to approximately $1.61 million in one recent period and $1.88 million in another.
Inbound Investments
- On March 27, 2025, NextNav closed a $190 million private placement of 5.00% Senior Secured Convertible Notes.
- The net proceeds from this private placement, after deducting fees and expenses, were approximately $188.6 million.
Outbound Investments
- On September 25, 2025, NextNav completed an agreement to acquire additional lower 900 MHz band licenses.
- NextNav's long-term investments, which can include debt or equity investments with benefits lasting over one year, ranged from approximately $0 to $0.203 million between 2021 and 2025.
Capital Expenditures
- Capital expenditures in the last 12 months totaled -$233,000.
- In Q3 2025, capital expenditures were approximately $350,000, consuming a significant portion of the operating cash flow.
- For the most recent quarter, capital expenditures were -$0.01 million USD.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can NextNav Stock Hold Up When Markets Turn? | 10/17/2025 | |
| Day 7 of Gains Streak for NextNav Stock with 27% Return (vs. 15% YTD) [8/28/2025] | 08/29/2025 | |
| Day 6 of Gains Streak for NextNav Stock with 26% Return (vs. 14% YTD) [8/27/2025] | 08/28/2025 | |
| Day 5 of Gains Streak for NextNav Stock with 20% Return (vs. 8.9% YTD) [8/26/2025] | 08/27/2025 | |
| NextNav (NN) Net Income Comparison | 08/08/2025 | |
| NextNav (NN) Operating Income Comparison | 08/08/2025 | |
| NextNav (NN) Debt Comparison | 08/08/2025 | |
| NextNav (NN) EBITDA Comparison | 08/08/2025 | |
| NextNav (NN) Operating Cash Flow Comparison | 08/08/2025 | |
| NextNav (NN) Revenue Comparison | 08/08/2025 | |
| ARTICLES | ||
| The Bear Case: How NN Behaves During Market Shocks | 05/22/2026 | |
| Small Cap Stocks Trading At 52-Week High | 03/24/2026 | |
| NN Stock Up 27% after 7-Day Win Streak | 08/29/2025 | |
| NN Stock Up 26% after 6-Day Win Streak | 08/27/2025 | |
| NN Stock Up 20% after 5-Day Win Streak | 08/26/2025 |
Trade Ideas
Select ideas related to NN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 63.37 |
| Mkt Cap | 11.4 |
| Rev LTM | 4,151 |
| Op Inc LTM | 441 |
| FCF LTM | 552 |
| FCF 3Y Avg | 387 |
| CFO LTM | 1,036 |
| CFO 3Y Avg | 749 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.7% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 7.4% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | 5.5% |
| Op Inc Chg 3Y Avg | 8.6% |
| Op Mgn LTM | 13.9% |
| Op Mgn 3Y Avg | 12.0% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 18.6% |
| CFO/Rev 3Y Avg | 18.1% |
| FCF/Rev LTM | 13.3% |
| FCF/Rev 3Y Avg | 11.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.4 |
| P/S | 4.5 |
| P/Op Inc | 20.7 |
| P/EBIT | 21.6 |
| P/E | 27.7 |
| P/CFO | 15.3 |
| Total Yield | 3.5% |
| Dividend Yield | 0.7% |
| FCF Yield 3Y Avg | 3.4% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.5% |
| 3M Rtn | 13.7% |
| 6M Rtn | 58.6% |
| 12M Rtn | 51.3% |
| 3Y Rtn | 66.6% |
| 1M Excs Rtn | -2.0% |
| 3M Excs Rtn | 3.2% |
| 6M Excs Rtn | 35.2% |
| 12M Excs Rtn | 22.4% |
| 3Y Excs Rtn | 3.4% |
Price Behavior
| Market Price | $21.38 | |
| Market Cap ($ Bil) | 2.9 | |
| First Trading Date | 11/02/2020 | |
| Distance from 52W High | -7.8% | |
| 50 Days | 200 Days | |
| DMA Price | $18.54 | $16.00 |
| DMA Trend | up | up |
| Distance from DMA | 15.3% | 33.6% |
| 3M | 1YR | |
| Volatility | 94.1% | 69.9% |
| Downside Capture | 99.36 | 137.61 |
| Upside Capture | 156.38 | 158.51 |
| Correlation (SPY) | 14.6% | 26.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.40 | 0.46 | 1.24 | 1.62 | 1.31 | 1.32 |
| Up Beta | -0.66 | -0.90 | -0.03 | 0.62 | 0.68 | 1.02 |
| Down Beta | 6.49 | 0.43 | 0.87 | 2.07 | 1.65 | 1.78 |
| Up Capture | 63% | 98% | 211% | 244% | 166% | 492% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 26 | 36 | 66 | 134 | 388 |
| Down Capture | -151% | 90% | 147% | 141% | 131% | 100% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 17 | 28 | 57 | 115 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NN | |
|---|---|---|---|---|
| NN | 53.0% | 69.9% | 0.90 | - |
| Sector ETF (XLK) | 54.0% | 20.6% | 1.99 | 28.2% |
| Equity (SPY) | 26.8% | 12.1% | 1.67 | 26.6% |
| Gold (GLD) | 37.5% | 26.8% | 1.16 | -3.0% |
| Commodities (DBC) | 43.5% | 18.6% | 1.80 | -4.2% |
| Real Estate (VNQ) | 12.0% | 13.4% | 0.59 | 14.8% |
| Bitcoin (BTCUSD) | -27.2% | 41.8% | -0.65 | 13.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NN | |
|---|---|---|---|---|
| NN | 15.5% | 73.3% | 0.51 | - |
| Sector ETF (XLK) | 22.3% | 24.8% | 0.79 | 22.7% |
| Equity (SPY) | 13.8% | 17.0% | 0.64 | 24.0% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 3.1% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 4.9% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 17.0% |
| Bitcoin (BTCUSD) | 9.3% | 55.6% | 0.37 | 9.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NN | |
|---|---|---|---|---|
| NN | 7.6% | 69.8% | 0.49 | - |
| Sector ETF (XLK) | 25.1% | 24.4% | 0.93 | 22.0% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 23.3% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | 3.1% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 4.8% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 16.4% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 8.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/17/2026 | 8.4% | 9.8% | 27.4% |
| 11/6/2025 | -6.1% | -0.2% | 27.8% |
| 8/6/2025 | -10.4% | -5.0% | 2.7% |
| 3/12/2025 | 9.1% | 14.9% | 16.1% |
| 11/13/2024 | 4.4% | 13.2% | 23.8% |
| 8/7/2024 | 2.0% | 3.3% | -4.1% |
| 3/13/2024 | -24.4% | -14.0% | 32.2% |
| 11/8/2023 | -0.6% | -1.0% | -19.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 8 | 9 |
| # Negative | 7 | 6 | 5 |
| Median Positive | 8.4% | 11.5% | 23.8% |
| Median Negative | -6.1% | -4.6% | -14.3% |
| Max Positive | 14.7% | 26.0% | 32.2% |
| Max Negative | -24.4% | -14.0% | -19.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 03/17/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 03/13/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Shams, Sammaad | Chief Accounting Officer | Direct | Sell | 3272026 | 19.54 | 3,945 | 77,085 | 1,425,443 | Form |
| 2 | Insley, Susan Brasse | Chief Operating Officer | Direct | Sell | 3252026 | 18.57 | 2,370 | 44,015 | 3,162,276 | Form |
| 3 | Gray, Timothy | Chief Financial Officer | Direct | Sell | 3232026 | 18.11 | 1,405 | 25,445 | 2,386,644 | Form |
| 4 | Shams, Sammaad | Chief Accounting Officer | Direct | Sell | 3232026 | 18.11 | 1,767 | 32,000 | 1,392,568 | Form |
| 5 | Black, James S | General Counsel | Direct | Sell | 3232026 | 17.97 | 9,429 | 169,428 | 1,681,273 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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