NNI Stock Summary and Trading Ideas (Nelnet | NYSE:NNI)

Nelnet Inc is a United States based company engaged in these four segments; Loan Servicing and Systems focuses on student and consumer loan origination services and servicing, loan origination and servicing-related technology solutions, and outsourcing business services; Education Technology, Services, and Payment Processing provides education services, payment technology, and community management solutions for K-12 schools, institutions, churches, and businesses; Asset Generation and Management Includes the acquisition and management of student and other loan assets; and Nelnet Bank focuses on the private education and unsecured consumer loan markets. Loan Servicing and Systems Segment derives majority of the company's revenue.

Nelnet trades on the NYSE stock market under the symbol NNI.

As of April 24, 2024, NNI stock price climbed to $94.94 with 69,762 million shares trading.

NNI has a beta of 0.71, meaning it tends to be less sensitive to market movements. NNI has a correlation of 0.23 to the broad based SPY ETF.

NNI has a market cap of $3.54 billion. This is considered a Mid Cap stock.

Last quarter Nelnet reported $261 million in Revenue and -$.04 earnings per share. This fell short of revenue expectation by $-77 million and missed earnings estimates by -$1.07.

In the last 3 years, NNI stock traded as high as $101.60 and as low as $72.00.

The top ETF exchange traded funds that NNI belongs to (by Net Assets): VTI, IWM, VB, VXF, VBR.

NNI stock has underperformed the market in the last year with a return of +0.4%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NNI shares. However, NNI has outperformed the market in the last 3 month and 2 week periods, returning +10.4% and -0.4%, while SPY returned +4.6% and -2.7%, respectively. This indicates NNI has been having a stronger performance recently.

NNI support price is $93.87 and resistance is $95.89 (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 NNI stock will trade within this expected range on the day.