Is NN Stock a Good Investment?
NN Investment Advice | NNBR |
- Examine NN's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research NN's leadership team and their track record. Good management can help NN navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Industrial Machinery & Supplies & Components space and any emerging trends that could impact NN's business and its evolving consumer preferences.
- Compare NN's performance and market position to its competitors. Analyze how NN is positioned in terms of product offerings, innovation, and market share.
- Check if NN pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about NN's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in NN Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if NN Inc is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Unstable | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine NN Stock
Researching NN's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 57.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.55. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. NN Inc has Price/Earnings To Growth (PEG) ratio of 0.93. The entity recorded a loss per share of 1.4. The firm last dividend was issued on the 6th of September 2019. NN had 3:2 split on the 6th of December 1995.
To determine if NN is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding NN's research are outlined below:
| NN Inc generated a negative expected return over the last 90 days | |
| NN Inc has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 489.27 M. Net Loss for the year was (50.15 M) with profit before overhead, payroll, taxes, and interest of 77.63 M. | |
| About 57.0% of the company shares are owned by institutional investors | |
| Latest headline from news.google.com: NN, Inc. to Post Q2 2024 Earnings of 0.02 Per Share, Sidoti Csr Forecasts - Defense World |
NN Quarterly Liabilities And Stockholders Equity |
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NN uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in NN Inc. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NN's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact NN's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises NN's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2020-05-07 | 2020-03-31 | 0.0114 | 0.01 | -0.0014 | 12 | ||
2024-05-06 | 2024-03-31 | -0.07 | -0.08 | -0.01 | 14 | ||
2007-11-01 | 2007-09-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2024-03-14 | 2023-12-31 | -0.08 | -0.1 | -0.02 | 25 | ||
2023-08-03 | 2023-06-30 | -0.06 | -0.08 | -0.02 | 33 | ||
2022-11-01 | 2022-09-30 | 0.01 | 0.03 | 0.02 | 200 | ||
2021-05-06 | 2021-03-31 | 0.03 | 0.05 | 0.02 | 66 | ||
2009-03-31 | 2008-12-31 | -0.14 | -0.16 | -0.02 | 14 |
NN Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NN target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. NN's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 2 | Strong Buy |
Most NN analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand NN stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of NN Inc, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationNN Target Price Projection
NN's current and average target prices are 3.44 and 4.50, respectively. The current price of NN is the price at which NN Inc is currently trading. On the other hand, NN's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Target Price
Analyst Consensus On NN Target Price
NN Analyst Ratings
NN's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about NN stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of NN's financials, market performance, and future outlook by experienced professionals. NN's historical ratings below, therefore, can serve as a valuable tool for investors.Know NN's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as NN is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NN Inc backward and forwards among themselves. NN's institutional investor refers to the entity that pools money to purchase NN's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Pacific Ridge Capital Partners, Llc | 2023-12-31 | 550.7 K | Geode Capital Management, Llc | 2023-12-31 | 467.3 K | Bridgeway Capital Management, Llc | 2023-12-31 | 398 K | Primecap Management Company | 2023-12-31 | 377.4 K | Eam Investors, Llc | 2023-12-31 | 206.2 K | Susquehanna International Group, Llp | 2023-12-31 | 187.9 K | State Street Corporation | 2023-12-31 | 154.3 K | Empowered Funds, Llc | 2023-12-31 | 146.4 K | Hartland & Co | 2023-12-31 | 100 K | Corre Partners Management Llc | 2023-12-31 | 6.6 M | Legion Partners Asset Management, Llc | 2023-12-31 | 4.3 M |
NN's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 172.02 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.Market Cap |
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NN's profitablity analysis
NN's profitability indicators refer to fundamental financial ratios that showcase NN's ability to generate income relative to its revenue or operating costs. If, let's say, NN is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NN's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NN's profitability requires more research than a typical breakdown of NN's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.11) | (0.11) | |
| Return On Capital Employed | (0.05) | (0.05) | |
| Return On Assets | (0.1) | (0.09) | |
| Return On Equity | (0.25) | (0.23) |
Determining NN's profitability involves analyzing its financial statements and using various financial metrics to determine if NN is a good buy. For example, gross profit margin measures NN's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of NN's profitability and make more informed investment decisions.
The data published in NN's official financial statements usually reflect NN's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of NN Inc. For example, before you start analyzing numbers published by NN accountants, it's critical to develop an understanding of what NN's liquidity, profitability, and earnings quality are in the context of the Machinery space in which it operates.
Please note, the presentation of NN's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, NN's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in NN's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of NN Inc. Please utilize our Beneish M Score to check the likelihood of NN's management manipulating its earnings.
Evaluate NN's management efficiency
NN Inc has return on total asset (ROA) of (0.023) % which means that it has lost $0.023 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2368) %, meaning that it created substantial loss on money invested by shareholders. NN's management efficiency ratios could be used to measure how well NN manages its routine affairs as well as how well it operates its assets and liabilities. As of 05/12/2024, Return On Tangible Assets is likely to grow to -0.11. In addition to that, Return On Capital Employed is likely to grow to -0.05. At this time, NN's Non Current Assets Total are relatively stable compared to the past year. As of 05/12/2024, Non Currrent Assets Other is likely to grow to about 7.4 M, while Other Current Assets are likely to drop slightly above 8.9 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 4.34 | 5.26 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 3.08 | 3.24 | |
| Enterprise Value Over EBITDA | 15.54 | 16.32 | |
| Price Book Value Ratio | 0.92 | 0.88 | |
| Enterprise Value Multiple | 15.54 | 16.32 | |
| Price Fair Value | 0.92 | 0.88 | |
| Enterprise Value | 186.4 M | 150.9 M |
The analysis of NN's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze NN's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of NN Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 3.007 |
Basic technical analysis of NN Stock
As of the 12th of May 2024, NN owns the Information Ratio of (0.11), market risk adjusted performance of (0.25), and Mean Deviation of 2.82. In connection with fundamental indicators, the technical analysis model lets you check timely technical drivers of NN Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We have analyzed thirteen technical drivers for NN, which can be compared to its peers in the sector. Please verify NN Inc market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if NN Inc is priced some-what accurately, providing market reflects its prevailing price of 3.44 per share. Given that NN Inc has information ratio of (0.11), we recommend you to check NN's latest market performance to make sure the company can sustain itself sooner or later.NN's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NN insiders, such as employees or executives, is commonly permitted as long as it does not rely on NN's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NN insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Understand NN's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing NN's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 2.82 | |||
| Coefficient Of Variation | (1,154) | |||
| Standard Deviation | 4.19 | |||
| Variance | 17.56 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 26.86 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 5.24 | |||
| Skewness | (0.88) | |||
| Kurtosis | 4.25 |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 2.82 | |||
| Coefficient Of Variation | (1,154) | |||
| Standard Deviation | 4.19 | |||
| Variance | 17.56 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.87) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 26.86 | |||
| Value At Risk | (5.75) | |||
| Potential Upside | 5.24 | |||
| Skewness | (0.88) | |||
| Kurtosis | 4.25 |
Consider NN's intraday indicators
NN intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NN stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
NN Corporate Filings
10Q | 7th of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 6th of May 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F3 | 30th of April 2024 An amendment to the original Schedule 13D filing | ViewVerify |
| 4th of April 2024 Other Reports | ViewVerify |
NN Stock media impact
Far too much social signal, news, headlines, and media speculation about NN that are available to investors today. That information is available publicly through NN media outlets and privately through word of mouth or via NN internal channels. However, regardless of the origin, that massive amount of NN data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of NN news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of NN relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to NN's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive NN alpha.
NN Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards NN can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
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.Did you try this?
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Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
NN Corporate Management
Elected by the shareholders, the NN's board of directors comprises two types of representatives: NN inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NN. The board's role is to monitor NN's management team and ensure that shareholders' interests are well served. NN's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NN's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gunars Vinkels | Interim Solutions | Profile | |
| David Harrison | Chief Officer | Profile | |
| Douglas Campos | Interim Solutions | Profile | |
| Paul Taylor | VP Relations | Profile | |
| Matthew JD | Gen VP | Profile |
How to buy NN Stock?
To provide specific investment advice or recommendations on NN Inc stock, we recommend investors consider the following general factors when evaluating NN Inc. This will help you to make an informed decision on whether to include NN in one of your diversified portfolios:- Examine NN's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research NN's leadership team and their track record. Good management can help NN navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Industrial Machinery & Supplies & Components space and any emerging trends that could impact NN's business and its evolving consumer preferences.
- Compare NN's performance and market position to its competitors. Analyze how NN is positioned in terms of product offerings, innovation, and market share.
- Check if NN pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about NN's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in NN Inc stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if NN Inc is a good investment.
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for NN Stock analysis
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 (1.40) | Revenue Per Share 10.21 | Quarterly Revenue Growth (0.05) | Return On Assets (0.02) | Return On Equity (0.24) |
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.
In summary, please note that there is a difference between NN's value and its price, as these two are different measures arrived at by various 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.