NN Inc [NASDAQ: NNBR] surged by $0.29 during the normal trading session on while it closed the day at $2.69.
NN Inc stock has also loss -15.41% of its value over the past 7 days. However, NNBR stock has declined by -29.95% in the 3 months of the year. Over the past six months meanwhile, it has lost -26.90% and lost -17.74% year-on date.
The market cap for NNBR stock reached $134.35 million, with 49.95 million shares outstanding and 43.95 million shares in the current float. Compared to the average trading volume of 127.44K shares, NNBR reached a trading volume of 25827577 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about NN Inc [NNBR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NNBR shares is $6.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NNBR stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Noble Capital Markets have made an estimate for NN Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 15, 2024. While these analysts kept the previous recommendation, Lake Street raised their target price from $2 to $4. The new note on the price target was released on August 07, 2023, representing the official price target for NN Inc stock.
The Average True Range (ATR) for NN Inc is set at 0.35, with the Price to Sales ratio for NNBR stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 0.25.
NNBR stock trade performance evaluation
NN Inc [NNBR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.41. With this latest performance, NNBR shares dropped by -33.74% in over the last four-week period, additionally sinking by -26.90% over the last 6 months – not to mention a drop of -35.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NNBR stock in for the last two-week period is set at 32.06, with the RSI for the last a single of trading hit 32.46, and the three-weeks RSI is set at 33.81 for NN Inc [NNBR]. The present Moving Average for the last 50 days of trading for this stock 3.60, while it was recorded at 2.62 for the last single week of trading, and 3.61 for the last 200 days.
NN Inc [NNBR]: An insightful look at the core fundamentals
NN Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.18 and a Current Ratio set at 1.96.
NN Inc [NNBR]: Institutional Ownership
There are presently around $70.74%, or 78.17%% of NNBR stock, in the hands of institutional investors. The top three institutional holders of NNBR stocks are: CORRE PARTNERS MANAGEMENT, LLC with ownership of 6.63 million shares, which is approximately 13.8992%. LEGION PARTNERS ASSET MANAGEMENT, LLC, holding 4.79 million shares of the stock with an approximate value of $$14.38 million in NNBR stocks shares; and LEGION PARTNERS ASSET MANAGEMENT, LLC, currently with $$9.01 million in NNBR stock with ownership which is approximately 6.2963%.
