NNBR Stock Summary and Trading Ideas (NN | NASDAQ:NNBR)

NN Inc is a diversified industrial company that combines engineering and production capabilities with in-depth materials science expertise to design and manufacture high-precision solutions and components. It operates in two business segments: mobile solutions and power solutions. The mobile solutions segment involves growth in the general industrial and automotive end markets. Its power solutions segment involves growth in the electrical and aerospace and defense end markets. It also operates in China, Mexico, Brazil, Germany, and other countries.

NN trades on the NASDAQ stock market under the symbol NNBR.

As of April 24, 2024, NNBR stock price declined to $3.83 with 234,130 million shares trading.

NNBR has a beta of 1.89, meaning it tends to be more sensitive to market movements. NNBR has a correlation of 0.12 to the broad based SPY ETF.

NNBR has a market cap of $181.36 million. This is considered a Micro Cap stock.

Last quarter NN reported $113 million in Revenue and -$.10 earnings per share. This fell short of revenue expectation by $-617,000 and missed earnings estimates by -$.02.

In the last 3 years, NNBR stock traded as high as $9.62 and as low as $.97.

The top ETF exchange traded funds that NNBR belongs to (by Net Assets): VTI, VXF, AVUV, BSVO, DFAT.

NNBR has outperformed the market in the last year with a return of +251.4%, while the SPY ETF gained +24.3%. However, in the most recent history, NNBR shares have underperformed the stock market with its stock returning -7.5% in the last 3 month period and -9.5% for the last 2 week period, while SPY has returned +4.6% and -2.6%, respectively.

NNBR support price is $3.84 and resistance is $4.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NNBR stock will trade within this expected range on the day.