Published on 3 May 2024 on Insider Monkey via Yahoo Finance
Is Nextnav (NN) a Worthy Investment?
Laughing Water Capital, an investment management company, released its first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, investment in the fund returned 8.4% after all fees and expenses compared to 10.6% and 5.2% returns for the SP500TR and R2000 during the quarter, respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Laughing Water Capital featured stocks like NextNav Inc. (NASDAQ:NN) in the first quarter 2024 investor letter. Headquartered in McLean, Virginia, NextNav Inc. (NASDAQ:NN) provides next-generation positioning, navigation, and timing solutions. On May 2, 2024, NextNav Inc. (NASDAQ:NN) stock closed at $8.99 per share. One-month return of NextNav Inc. (NASDAQ:NN) was 19.87%, and its shares gained 332.21% of their value over the last 52 weeks. NextNav Inc. (NASDAQ:NN) has a market capitalization of $1.012 billion.