Nn Inc Stock Today

NNBR Stock  USD 4.75  0.09  1.86%   

Performance

6 of 100

 
Low
 
High
Modest

Odds Of Distress

Less than 40

 
100  
 
Zero
Below Average
NN is selling at 4.75 as of the 28th of March 2024; that is -1.86% down since the beginning of the trading day. The stock's lowest day price was 4.68. NN has about a 40 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for NN Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
15th of May 1994
Category
Industrials
NN, Inc., a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies. NN, Inc. was founded in 1980 and is headquartered in Charlotte, North Carolina. NN operates under Conglomerates classification in the United States and is traded on NASDAQ Exchange. The company has 49.17 M outstanding shares of which 1.48 M shares are now shorted by private and institutional investors with about 8.41 trading days to cover. More on NN Inc

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NN Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NN's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NN or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOHarold Bevis
Thematic IdeaMachinery (View all Themes)
Business ConcentrationIndustrial Machinery & Supplies & Components, Capital Goods, Industrials, NASDAQ Composite, NASDAQ Composite Total, Machinery, Industrials, Machinery, Conglomerates, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering NN report their recommendations after researching NN's financial statements, talking to executives and customers, or listening in on NN's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NN Inc. The NN consensus assessment is calculated by taking the average forecast from all of the analysts covering NN.
Financial Strength
Based on the analysis of NN's profitability, liquidity, and operating efficiency, NN Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of NN Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover1.160.9577
Fairly Up
Slightly volatile
Gross Profit Margin0.04660.049
Notably Down
Slightly volatile
Total Current Liabilities73.5 M81.6 M
Moderately Down
Pretty Stable
Non Current Liabilities Total261.1 M226.5 M
Fairly Up
Pretty Stable
Total Assets504.9 M510.9 M
Fairly Down
Pretty Stable
Total Current Assets151.6 M182.6 M
Significantly Down
Pretty Stable
NN's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NN's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NN's financial leverage. It provides some insight into what part of NN's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on NN's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how NN deploys its capital and how much of that capital is borrowed.
Liquidity
NN cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 212.83 M in liabilities with Debt to Equity (D/E) ratio of 0.78, which is about average as compared to similar companies. NN Inc has a current ratio of 2.4, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist NN until it has trouble settling it off, either with new capital or with free cash flow. So, NN's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NN Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NN to invest in growth at high rates of return. When we think about NN's use of debt, we should always consider it together with cash and equity.

Capital Expenditures

21.16 Million
NN Inc (NNBR) is traded on NASDAQ Exchange in USA. It is located in 6210 Ardrey Kell Road, Charlotte, NC, United States, 28277 and employs 2,926 people. NN is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 233.54 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NN's market, we take the total number of its shares issued and multiply it by NN's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. NN Inc conducts business under Machinery sector and is part of Industrials industry. The entity has 49.17 M outstanding shares of which 1.48 M shares are now shorted by private and institutional investors with about 8.41 trading days to cover. NN Inc currently holds about 16.26 M in cash with 29.34 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.37.
Check NN Probability Of Bankruptcy
Ownership Allocation
NN Inc secures a total of 49.17 Million outstanding shares. Over half of NN's outstanding shares are owned by institutions. These institutions are typically referred to as corporate investors that shop for positions in a given instrument to benefit from reduced trade commissions. Hence, these institutions are subject to different rules and regulations than regular investors in NN Inc. Please watch out for any change in the institutional holdings of NN Inc as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company retains, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check NN Ownership Details

NN Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of NN jumping above the current price in 90 days from now is about 29.12%. The NN Inc probability density function shows the probability of NN stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.3947. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NN will likely underperform. Additionally, nN Inc has an alpha of 0.4377, implying that it can generate a 0.44 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 4.75HorizonTargetOdds Above 4.75
70.74%90 days
 4.75 
29.12%
Based on a normal probability distribution, the odds of NN to move above the current price in 90 days from now is about 29.12 (This NN Inc probability density function shows the probability of NN Stock to fall within a particular range of prices over 90 days) .

NN Stock Institutional Holders

Institutional Holdings refers to the ownership stake in NN that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NN's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NN's value.
InstituionRecorded OnShares
Pacific Ridge Capital Partners, Llc2023-12-31
550.7 K
Geode Capital Management, Llc2023-12-31
467.3 K
Bridgeway Capital Management, Llc2023-12-31
398 K
Primecap Management Company2023-12-31
377.4 K
Eam Investors, Llc2023-12-31
206.2 K
Susquehanna International Group, Llp2023-12-31
187.9 K
Citadel Advisors Llc2023-09-30
176.1 K
State Street Corporation2023-12-31
154.3 K
Empowered Funds, Llc2023-12-31
146.4 K
Corre Partners Management Llc2023-12-31
6.6 M
Legion Partners Asset Management, Llc2023-12-31
4.3 M
View NN Diagnostics

NN Historical Income Statement

NN Inc Income Statement is one of the three primary financial statements used for reporting NN's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NN Inc revenue and expense. NN Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, NN's EBITDA is relatively stable compared to the past year. As of 03/28/2024, Total Operating Expenses is likely to grow to about 65 M, while Interest Expense is likely to drop slightly above 14.4 M. View More Fundamentals

NN Stock Against Markets

Picking the right benchmark for NN stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NN stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NN is critical whether you are bullish or bearish towards NN Inc at a given time. Please also check how NN's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NN without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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NN Corporate Directors

NN corporate directors refer to members of a NN board of directors. The board of directors generally takes responsibility for the NN's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NN's board members must vote for the resolution. The NN board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Steven WarshawIndependent DirectorProfile
Robert BrunnerIndependent DirectorProfile
Jeri HarmanIndependent DirectorProfile
David FloydDirectorProfile

How to buy NN Stock?

Before investing in NN, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NN. To buy NN stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of NN. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase NN stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located NN Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased NN Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NN Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NN Stock please use our How to Invest in NN guide.

Already Invested in NN Inc?

The danger of trading NN Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NN is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NN. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NN Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NN Inc is a strong investment it is important to analyze NN's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NN's future performance. For an informed investment choice regarding NN Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NN Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the NN Inc information on this page should be used as a complementary analysis to other NN's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running NN's price analysis, check to measure NN's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NN is operating at the current time. Most of NN's value examination focuses on studying past and present price action to predict the probability of NN's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NN's price. Additionally, you may evaluate how the addition of NN to your portfolios can decrease your overall portfolio volatility.
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Is NN's industry 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 NN. If investors know NN 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 NN listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.35)
Revenue Per Share
10.468
Quarterly Revenue Growth
(0.05)
Return On Assets
(0.03)
Return On Equity
(0.21)
The market value of NN Inc is measured differently than its book value, which is the value of NN that is recorded on the company's balance sheet. Investors also form their own opinion of NN's value that differs from its market value or its book value, called intrinsic value, which is NN'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 NN's market value can be influenced by many factors that don't directly affect NN'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 NN's value and its price as these two are different measures arrived at by different means. Investors typically determine if NN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NN'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.