Nextnav Acquisition Corp Stock Probability of Future Stock Price Finishing Over 16.51
| NN Stock | USD 16.76 0.29 1.76% |
Nextnav |
Nextnav Acquisition Target Price Odds to finish over 16.51
The tendency of Nextnav Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 16.51 in 90 days |
| 16.76 | 90 days | 16.51 | about 13.92 |
Based on a normal probability distribution, the odds of Nextnav Acquisition to stay above $ 16.51 in 90 days from now is about 13.92 (This Nextnav Acquisition Corp probability density function shows the probability of Nextnav Stock to fall within a particular range of prices over 90 days) . Probability of Nextnav Acquisition Corp price to stay between $ 16.51 and its current price of $16.76 at the end of the 90-day period is about 1.36 .
Allowing for the 90-day total investment horizon Nextnav Acquisition has a beta of 0.96. This indicates Nextnav Acquisition Corp market returns are highly reactive to returns on the market. As the market goes up or down, Nextnav Acquisition is expected to follow. Moreover Nextnav Acquisition Corp has an alpha of 1.2498, implying that it can generate a 1.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Nextnav Acquisition Price Density |
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Predictive Modules for Nextnav Acquisition
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nextnav Acquisition Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Nextnav Acquisition Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nextnav Acquisition is not an exception. The market had few large corrections towards the Nextnav Acquisition's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nextnav Acquisition Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nextnav Acquisition within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 1.25 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 3.93 | |
Ir | Information ratio | 0.34 |
Nextnav Acquisition Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nextnav Acquisition for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nextnav Acquisition Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nextnav Acquisition appears to be risky and price may revert if volatility continues | |
| Nextnav is showing solid risk-adjusted performance over 90 days | |
| The company generated the yearly revenue of 3.86 M. Annual Net Loss to common stockholders was (71.73 M) with gross Loss of (7.88 M). | |
| Nextnav Acquisition Corp reports about 82.52 M in cash with (35.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81. | |
| Nextnav Acquisition has a frail financial position based on the latest SEC disclosures | |
| Roughly 36.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 102 shares by Sammaad Shams of Nextnav Acquisition at 16.54 subject to Rule 16b-3 |
Nextnav Acquisition Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nextnav Stock often depends not only on the future outlook of the current and potential Nextnav Acquisition's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nextnav Acquisition's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 108 M | |
| Cash And Short Term Investments | 85.8 M |
Nextnav Acquisition Technical Analysis
Nextnav Acquisition's future price can be derived by breaking down and analyzing its technical indicators over time. Nextnav Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nextnav Acquisition Corp. In general, you should focus on analyzing Nextnav Stock price patterns and their correlations with different microeconomic environments and drivers.
Nextnav Acquisition Predictive Forecast Models
Nextnav Acquisition's time-series forecasting models is one of many Nextnav Acquisition's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nextnav Acquisition's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nextnav Acquisition Corp
Checking the ongoing alerts about Nextnav Acquisition for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nextnav Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nextnav Acquisition appears to be risky and price may revert if volatility continues | |
| Nextnav is showing solid risk-adjusted performance over 90 days | |
| The company generated the yearly revenue of 3.86 M. Annual Net Loss to common stockholders was (71.73 M) with gross Loss of (7.88 M). | |
| Nextnav Acquisition Corp reports about 82.52 M in cash with (35.44 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.81. | |
| Nextnav Acquisition has a frail financial position based on the latest SEC disclosures | |
| Roughly 36.0% of the company outstanding shares are owned by corporate insiders | |
| Latest headline from MacroaxisInsider: Disposition of 102 shares by Sammaad Shams of Nextnav Acquisition at 16.54 subject to Rule 16b-3 |
Check out Nextnav Acquisition Backtesting, Nextnav Acquisition Valuation, Nextnav Acquisition Correlation, Nextnav Acquisition Hype Analysis, Nextnav Acquisition Volatility, Nextnav Acquisition History as well as Nextnav Acquisition Performance. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextnav Acquisition. If investors know Nextnav will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextnav Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.74) | Revenue Per Share 0.043 | Quarterly Revenue Growth 0.565 | Return On Assets (0.24) | Return On Equity (1.15) |
The market value of Nextnav Acquisition Corp is measured differently than its book value, which is the value of Nextnav that is recorded on the company's balance sheet. Investors also form their own opinion of Nextnav Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Nextnav Acquisition's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextnav Acquisition's market value can be influenced by many factors that don't directly affect Nextnav Acquisition's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextnav Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextnav Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextnav Acquisition's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.