Stock of the Day: Does NII Holdings, Inc. Have Any Gas After Today’s Significant Decline?

Stock of the Day: Does NII Holdings, Inc. Have Any Gas After Today's Significant Decline?

The stock of NII Holdings, Inc. (NASDAQ:NIHD) is a huge mover today! The stock decreased 4.20% or $0.14 during the last trading session, hitting $3.19. About 388,119 shares traded hands. NII Holdings, Inc. (NASDAQ:NIHD) has declined 37.94% since March 1, 2016 and is downtrending. It has underperformed by 50.15% the S&P500.
The move comes after 8 months negative chart setup for the $335.75M company. It was reported on Oct, 4 by Barchart.com. We have $2.81 PT which if reached, will make NASDAQ:NIHD worth $40.29 million less.

Analysts await NII Holdings, Inc. (NASDAQ:NIHD) to report earnings on November, 3. They expect $-0.44 earnings per share, up 78.22% or $1.58 from last year’s $-2.02 per share. After $-0.05 actual earnings per share reported by NII Holdings, Inc. for the previous quarter, Wall Street now forecasts 780.00% negative EPS growth.

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 notable 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 Prnewswire.com with their article: “NII Holdings Reports Second Quarter 2016 Results” published on August 11, 2016, Wsj.com published: “NII Holdings Files for Chapter 11 Bankruptcy Protection” on September 15, 2014. More interesting news about NII Holdings, Inc. (NASDAQ:NIHD) were released by: Prnewswire.com and their article: “NII Holdings Announces Completion of Nextel Mexico Sale to AT&T” published on April 30, 2015 as well as Prnewswire.com‘s news article titled: “NII Holdings Announces 2016 First Quarter Results” with publication date: May 10, 2016.

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.

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