The stock of NII Holdings, Inc. (NASDAQ:NIHD) hit a new 52-week low and has $1.89 target or 10.00% below today’s $2.10 share price. The 8 months bearish chart indicates high risk for the $231.90 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $1.89 price target is reached, the company will be worth $23.19M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 8.70% or $0.2 during the last trading session, hitting $2.1. About 996,377 shares traded hands or 84.72% up from the average. NII Holdings, Inc. (NASDAQ:NIHD) has declined 56.77% since April 12, 2016 and is downtrending. It has underperformed by 61.75% the S&P500.
According to Zacks Investment Research, “NII Holdings Inc. provides differentiated mobile communication services for businesses and consumers under the Nextel brand primarily in Brazil and Argentina. The company’s wireless communications tools consists of digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect(R) as well as International Direct Connect SM, a digital two-way radio. NII Holdings Inc. is based in Reston, Virginia.”
More important recent NII Holdings, Inc. (NASDAQ:NIHD) news were published by: Quotes.Wsj.com which released: “News NII Holdings Inc.NIHD” on February 11, 2011, also Wsj.com published article titled: “NII Holdings Files for Chapter 11 Bankruptcy Protection”, Prnewswire.com published: “NII Holdings Reports Second Quarter 2016 Results” on August 11, 2016. More interesting news about NII Holdings, Inc. (NASDAQ:NIHD) was released by: Prnewswire.com and their article: “NII Holdings Announces Completion of Nextel Mexico Sale to AT&T” with publication date: April 30, 2015.
NIHD Company Profile
NII Holdings, Inc., incorporated on October 18, 2000, is a holding company. The Firm operates through its subsidiary, Nextel Telecomunicacoes Ltda. (Nextel Brazil). The Firm provides wireless communication services under the Nextel brand in Brazil with its principal activities located in urban and suburban centers with population densities and related transportation corridors of that country, including Rio de Janeiro and Sao Paulo. The Firm operates in the Nextel Brazil segment. It also offers long-term evolution (LTE) services in Rio de Janeiro and provides services on its integrated digital enhanced network (iDEN) network throughout various regions in Brazil. The iDEN technology is a digital technology that is able to operate on non-contiguous spectrum frequencies.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.