NextNav Inc. (NN)Technology | Software - Infrastructure | Reston, United States | NasdaqCM
15.44 USD
-0.56
(-3.500%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 7:04 a.m. EDT
The investment case here is fractured between speculative hype and fundamental reality. On the surface, the options market is screaming 'breakout,' with heavy call buying at strikes like $20 and $30 creating a self-fulfilling prophecy for a short-term pop. However, this optimism ignores a business that is actively destroying value. Revenue has contracted by 35%, gross margins are deeply negative at -101%, and the company is burning cash with no path to profitability visible in the forward estimates. The negative book value and lack of dividends confirm that the equity is essentially a warrant on a distressed asset. While the catalyst of potential acquisition or restructuring could drive the stock higher in the near term, the underlying fundamentals are a severe value trap. The short-term rating remains neutral-to-bearish because the technicals are fragile without a fundamental turnaround, while the long-term rating is a hard avoid due to deteriorating economics and negative shareholder returns. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.157977 |
| AutoTheta | 0.161171 |
| AutoETS | 0.161195 |
| AutoARIMA | 0.162385 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 38% |
| H-stat | 0.47 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.617 |
| Excess Kurtosis | -0.72 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Revenue per Share | 0.03 |
| Market Cap | 2,106,586,368 |
| Forward P/E | -21.15 |
| Beta | 1.07 |
| Previous Name | Spartacus Acquisition Corporation |
| Website | https://nextnav.com |
As of July 11, 2026, 7:04 a.m. EDT: Speculators are positioning aggressively for a rally, evidenced by massive open interest walls in out-of-the-money calls (strikes $20-$35) and significant volume spikes in deep OTM calls. Conversely, put activity is concentrated near the money ($14-$16), suggesting a defensive floor rather than a bearish bet on further collapse. The skew is heavily bullish, with implied volatility significantly elevated for upside moves compared to downside protection.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.045145333 |
| Address1 | 11,911 Freedom Drive |
| Address2 | Suite 200 |
| All Time High | 24.42 |
| All Time Low | 1.59 |
| Ask | 19.87 |
| Ask Size | 2 |
| Audit Risk | 2 |
| Average Daily Volume10 Day | 1,719,110 |
| Average Daily Volume3 Month | 2,825,239 |
| Average Volume | 2,825,239 |
| Average Volume10Days | 1,719,110 |
| Beta | 1.072 |
| Bid | 11.52 |
| Bid Size | 2 |
| Board Risk | 7 |
| Book Value | -0.661 |
| City | Reston |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 15.44 |
| Current Ratio | 10.485 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 16.05 |
| Day Low | 15.34 |
| Display Name | NextNav |
| Earnings Call Timestamp End | 1,778,792,400 |
| Earnings Call Timestamp Start | 1,778,792,400 |
| Earnings Timestamp | 1,778,788,800 |
| Earnings Timestamp End | 1,785,960,000 |
| Earnings Timestamp Start | 1,785,960,000 |
| Ebitda | -65,411,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -34.292 |
| Enterprise To Revenue | 556.727 |
| Enterprise Value | 2,243,054,848 |
| Eps Current Year | -0.41 |
| Eps Forward | -0.73 |
| Eps Trailing Twelve Months | -1.09 |
| Esg Populated | 0 |
| Exchange | NCM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.6005 |
| Fifty Day Average Change | -4.1605005 |
| Fifty Day Average Change Percent | -0.21226501 |
| Fifty Two Week Change Percent | -4.514533 |
| Fifty Two Week High | 24.42 |
| Fifty Two Week High Change | -8.9800005 |
| Fifty Two Week High Change Percent | -0.3677314 |
| Fifty Two Week Low | 10.87 |
| Fifty Two Week Low Change | 4.5699997 |
| Fifty Two Week Low Change Percent | 0.42042315 |
| Fifty Two Week Range | 10.87 - 24.42 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,604,327,400,000 |
| Float Shares | 68,255,947 |
| Forward Eps | -0.73 |
| Forward P E | -21.150684 |
| Free Cashflow | -19,809,124 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 103 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | -1.01762 |
| Gross Profits | -4,100,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.28207 |
| Held Percent Institutions | 0.74004 |
| Implied Shares Outstanding | 136,436,939 |
| Industry | Software - Infrastructure |
| Industry Disp | Software - Infrastructure |
| Industry Key | software-infrastructure |
| Ipo Expected Date | 2,021-10-29 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | NextNav Inc. provides positioning, navigation, and timing (PNT) solutions in the United States. The company offers Pinnacle, an accurate altitude service for public safety applications, including enhanced 911 for Verizon and national cellular network providers. It also provides TerraPoiNT, a 3D PNT system, provides positioning, navigation, and timing services provided by GPS through a land-based GPS satellite constellation. The company serves Wi-Fi, telecom, public safety, location apps, and critical infrastructure industries. The company was founded in 2007 and is headquartered in Reston, Virginia. |
| Long Name | NextNav Inc. |
| Market | us_market |
| Market Cap | 2,106,586,368 |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_108517188 |
| Most Recent Quarter | 1,774,915,200 |
| Name Change Date | 2,026-07-14 |
| Net Income To Common | -141,295,008 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 2,106,586,338 |
| Number Of Analyst Opinions | 2 |
| Open | 15.77 |
| Operating Cashflow | -48,607,000 |
| Operating Margins | -19.13869 |
| Overall Risk | 9 |
| Payout Ratio | 0.0 |
| Phone | 800 775 0982 |
| Pre Market Change | -0.19999981 |
| Pre Market Change Percent | -1.2953355 |
| Pre Market Price | 15.24 |
| Pre Market Time | 1,784,028,821 |
| Prev Name | Spartacus Acquisition Corporation |
| Previous Close | 16.0 |
| Price Eps Current Year | -37.658535 |
| Price Hint | 2 |
| Price To Book | -23.358547 |
| Price To Sales Trailing12 Months | 522.8559 |
| Profit Margins | 0.0 |
| Quick Ratio | 10.235 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | -0.56 |
| Regular Market Change Percent | -3.5 |
| Regular Market Day High | 16.05 |
| Regular Market Day Low | 15.34 |
| Regular Market Day Range | 15.34 - 16.05 |
| Regular Market Open | 15.77 |
| Regular Market Previous Close | 16.0 |
| Regular Market Price | 15.44 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 995,877 |
| Return On Assets | -0.17296 |
| Revenue Growth | -0.353 |
| Revenue Per Share | 0.03 |
| Sand P52 Week Change | 0.20365608 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 136,436,939 |
| Shares Percent Shares Out | 0.1195 |
| Shares Short | 16,306,367 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 19,674,245 |
| Short Name | NextNav Inc. |
| Short Percent Of Float | 0.1602 |
| Short Ratio | 6.05 |
| Source Interval | 15 |
| State | VA |
| Symbol | NN |
| Target High Price | 50.0 |
| Target Low Price | 29.0 |
| Target Mean Price | 39.5 |
| Target Median Price | 39.5 |
| Total Cash | 142,959,008 |
| Total Cash Per Share | 1.049 |
| Total Debt | 281,468,992 |
| Total Revenue | 4,029,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.09 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 16.529776 |
| Two Hundred Day Average Change | -1.089776 |
| Two Hundred Day Average Change Percent | -0.06592806 |
| Type Disp | Equity |
| Volume | 995,877 |
| Website | https://nextnav.com |
| Zip | 20,190 |