Provide specific products and services to you, such as portfolio management or data aggregation. Represents the company’s profit divided by the outstanding shares of its common stock. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Sign-up to receive the latest news and ratings for NN and its competitors with MarketBeat’s FREE daily newsletter.
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends. NN, Inc. engages in the design and manufacture high-precision components and assemblies primarily for the electrical, automotive, general industrial, https://day-trading.info/ aerospace and defense, and medical markets. It operates through the Mobile Solutions and Power Solutions segments. The Mobile Solutions segment manufactures system critical components for fuel systems, engines and transmissions, power steering systems, and electromechanical motors.
This segments products are used in power steering, braking, transmissions, gasoline fuel system, diesel injection, and diesel emissions treatment applications, as well as use in heating, ventilation, and air conditioning. Its products include electrical contacts, connectors, contact assemblies, and precision stampings for the electrical, general industrial, automotive, aerospace, defense, and medical end markets. This segment also produces various tools and instruments for the orthopaedics and medical/surgical end markets.
NN Inc. shares soar premarket on news to sell life sciences division in $825 million deal
NN, Inc., a diversified industrial company, designs, manufactures, and sells high-precision components and assemblies. It operates through two segments, Mobile Solutions and Power Solutions. The Mobile Solutions segment manufactures and sells system critical components for general industrial and automotive end markets.
According to 8 analysts, the average rating for NNBR stock is “Buy.” The 12-month stock price forecast is $6.38, which is an increase of 410.40% from the latest price. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The Company combines advanced engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision components and assemblies.
In the past three months, NN insiders have not sold or bought any company stock. We’d like to share more about how we work and what drives our day-to-day business. CompareNNBR’s historical performanceagainst its industry peers and the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
NN, Inc. was founded in 1980 and is headquartered in Charlotte, North Carolina. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
Morningstar‘s Stock Analysis NNBR
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And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Sign Up NowGet this delivered to your inbox, and more info about our products and services. ASP Navigate Acquisition Corp. — Moody’s announces completion of a periodic review of ratings of ASP Navigate Acquisition Corp. There may be delays, omissions, or inaccuracies in the Information. As an investor, you want to buy stocks with the highest probability of success.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
The company provided earnings per share guidance of for the period. The company issued revenue guidance of $525.00 million-$555.00 million, compared to the consensus revenue estimate of $536.87 million. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. The P/E ratio of NN default currency conversions is -1.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. NN has a short interest ratio (“days to cover”) of 10.1, which indicates bearish sentiment. Maintaining independence and editorial freedom is essential to our mission of empowering investor success.
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Diversified industrial company NN Inc. said Monday it is planning to eliminate its quarterly dividend, reduce capital spending and streamline facilities as part of a cost-cutting effort aimed at paying down debt and suppo… Receive News & Ratings for NN Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NN and related companies with MarketBeat.com’s FREE daily email newsletter. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. Since then, NNBR shares have decreased by 16.7% and is now trading at $1.25.
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- Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.
- The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. High institutional ownership can be a signal of strong market trust in this company. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. The scores are based on the trading styles of Value, Growth, and Momentum.
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.