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How to Buy Nextnav Stock

Nextnav Inc

NextNav Inc. provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions.

Nextnav stock last closed at $3.97, down 1.98% from the previous day, and has increased 43.84% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.08 percentage points. Nextnav stock is currently +149.69% from its 52-week low of $1.59, and -34.6% from its 52-week high of $6.07.

As of Feb 28, 2024, there are 110.14M shares of NN outstanding. The market value of NN is $437.24M. In the last 24 hours, 500,479 NN shares were traded.

How to Buy Nextnav Stock

Wondering how to invest in Nextnav stock? Here's how.
  1. Decide where to buy Nextnav stock: You need to pick an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Nextnav stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Select your payment method and add your info.
  4. Analyze Nextnav stock: The Nextnav ticker symbol is NN. Is Nextnav stock a good investment? Should you buy shares of NN? How do NN's underlying business fundamentals look? Do top analysts think Nextnav is a good buy? Why has NN's stock price moved recently? (Hint: Our stock market research tools can help you understand if NN is a good stock to buy).
  5. Make your NN trade: Decide if you will purchase NN shares at the current market price or use a limit order to purchase NN stock at a particular price.
  6. Keep an eye on your NN position: Create a watchlist to the latest updates on your position in Nextnav shares.

Step 1: Decide where to buy Nextnav stock

You will need an online brokerage account in order to access the NASDAQ market and buy NN shares.

A brokerage account is an investment account that allows you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our research, eToro is the best online stock brokerage. Here's why:

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  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your purchase of stock by opening an account with eToro today.

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Step 2: Sign up for a brokerage account

Now that you've selected your brokerage, you need to fill out some personal details so you can invest in NN stock today.

How to Start a New Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Provide your personal info to create your new brokerage account.
  1. Submit your information by pressing the "Create Account" button.
  2. Get started with eToro today
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Step 3: Fund your brokerage account

Now that you've opened your account on apps for stock market, your next step is to transfer the money for your investment:

Check out this video walkthrough if you need help transferring money into your brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Analyze Nextnav stock

Once you have figured out the best place to buy Nextnav stock, it's very important to analyze their stock before you invest, so you truly wrap your head around the risk as well as the opportunity.

Nextnav shares data

NN Price
$3.97
1w %
-2.93%
1y %
43.84%
5y %
N/A
P/E
-6.3x
P/B
5.72x
P/S
124.06x
PEG
N/A
Revenue
$3.46M
Earnings
-$67.84M
Fore. Rev. Growth
247.22%
Fore. Earn. Growth
N/A
Market Cap
$437.24M
Next Earnings
Mar 20, 2024
Next Dividend
N/A

NN Zen Score

WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on NN's stock page.

How is NN stock valued?

Investors use many financial metrics, analyses, models, and charts to gauge NN's true value.

Using relative valuations metrics:

  • NN may be undervalued based on its P/B ratio of 5.72x, relative to Software - Infrastructure industry P/B ratio of 12.15x

You can access more valuation research on NN's stock here.

NN Financial Overview

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the NN balance sheet.
  • NN has cash burn of 40302000. It has sufficient cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than long-term liabilities on the NN balance sheet.
  • NN has $97.09M in cash and short term investments. This is sufficient to cover its annual cash burn of $40.30M.

Negative Financial Indicators:

  • NN profit margin has gone up by 3.88 percentage points in the past year, but the company is still unprofitable.
  • NN has a relatively high debt to equity ratio of 1.17.

You can dig deeper into what analysts are projecting on the Nextnav stock forecast page.

NN Momentum

SMA10
4.12
SMA20
4.16
SMA50
4.19
SMA100
4.37
SMA200
3.98
MACD
-0.02
MACD Signal
-0.01
MACD Histogram
-0.01
RSI
43.85
Stochastic %K
30.09
Stochastic %D
35.65
StochRSI %K
21.48
StochRSI %D
29.04

Is NN Making Money?

Last year, NN revenue was $3.46M. Over the last 2 year, NN's revenue has grown by 101.88% per year. This was faster than the Software - Infrastructure industry average of 17.38%.

Learn more about NN's earnings and revenue performance here.

Are NN insiders buying or selling the stock?

In the last year, executives and large shareholders at NN have sold more shares than they have bought.

Robert Lantz, General Counsel of NN, was the latest NN insider to sell. They sold $1,397.76 worth of NN shares on Feb 1, 2024.

Research more about who owns NN shares here.

Can I get consistent income from NN stock?

No, Nextnav doesn't provide an income stream by paying out dividends.

What do other traders have to say about NN?

One of the major reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Make your NN trade

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best price on the market.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a given price, place a limit order.

Hit the Open button and eToro will execute the order.

If you want more info about buying stocks on eToro, click the helpful video below:

Open eToro Account

Step 6: Keep an eye on your NN position

Now that you own some NN stock, you'll want to stay up-to-date on your new company.

Create a watchlist to see the latest developments about your NN stock.

NN Feed

How to Buy Stock in Nextnav

To reiterate, here are the 6 steps you need to take to buy Nextnav stock right now:

  1. Decide where to buy Nextnav stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Analyze Nextnav stock
  5. Make your NN trade
  6. Keep an eye on your NN position

If you require a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep tabs on your new investment in Nextnav, create your watchlist below.

NASDAQ: NN
$3.97-0.08 (-1.98%)
Updated Feb 28, 2024
Open eToro Account
NASDAQ: NN
$3.97-0.08 (-1.98%)
Updated Feb 28, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nextnav share?

As of Feb 28, 2024, it costs $3.97 to buy one share of Nextnav stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.252 shares of NN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Nextnav stock?

One way to place an order for Nextnav stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.