NNI
Nelnet, Inc. Financial Services - Credit Services Investor Relations →
Nelnet, Inc. (NNI) closed at $126.68 as of 2026-03-20, trading 24.6% above its 200-week moving average of $101.65. The stock is currently moving closer to the line, down from 28.0% last week. The 14-week RSI sits at 44, indicating neutral momentum.
A big spike in selling this week — 2.3x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 1114 weeks of data, NNI has crossed below its 200-week moving average 8 times. On average, these episodes lasted 30 weeks. Historically, investors who bought NNI at the start of these episodes saw an average one-year return of +15.9%.
With a market cap of $4.5 billion, NNI is a mid-cap stock. Return on equity stands at 11.6%. The stock trades at 1.2x book value.
Over the past 21.4 years, a hypothetical investment of $100 in NNI would have grown to $666, compared to $820 for the S&P 500. NNI has returned 9.3% annualized vs 10.3% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -14% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: NNI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After NNI Crosses Below the Line?
Across 8 historical episodes, buying NNI when it crossed below its 200-week moving average produced an average return of +23.5% after 12 months (median +36.0%), compared to +19.8% for the S&P 500 over the same periods. 75% of those episodes were profitable after one year. After 24 months, the average return was +40.9% vs +29.1% for the index.
Each line shows $100 invested at the moment NNI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
NNI has crossed below its 200-week MA 8 times with an average 1-year return of +15.9% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 2006 | Sep 2006 | 4 | 7.5% | -33.6% | +455.5% |
| Sep 2006 | Mar 2010 | 180 | 80.5% | -40.3% | +450.4% |
| Sep 2015 | Oct 2015 | 3 | 5.5% | +22.4% | +329.2% |
| Nov 2015 | Feb 2016 | 16 | 18.8% | +13.9% | +316.9% |
| May 2016 | Jul 2016 | 9 | 13.0% | +13.7% | +292.5% |
| Aug 2016 | Sep 2016 | 7 | 10.0% | +39.0% | +302.2% |
| May 2017 | May 2017 | 2 | 1.9% | +57.4% | +252.1% |
| Mar 2020 | Jun 2020 | 17 | 24.5% | +54.9% | +171.2% |
| Average | 30 | — | +15.9% | — |
Frequently Asked Questions
Is NNI below its 200-week moving average?
No. Nelnet, Inc. (NNI) is currently 24.6% above its 200-week moving average of $101.65. It would need to fall to $101.65 to cross below the line.
What is NNI's 200-week moving average price?
Nelnet, Inc.'s 200-week moving average is $101.65 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when NNI drops below its 200-week moving average?
NNI has crossed below its 200-week moving average 8 times in our data. On average, buying at that moment produced a one-year return of +15.9%. These dips have historically been decent entry points. These episodes lasted 30 weeks on average.
Is NNI a good value right now?
Here's what our data says about NNI as of 2026-03-20: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 44. Return on equity is 11.6%. Price-to-book is 1.2x. This is not a buy or sell recommendation — always do your own research.
How does NNI compare to the S&P 500?
Over the past 21.4 years, $100 invested in NNI would have grown to $666, compared to $820 for the S&P 500. That's 9.3% annualized vs 10.3% for the index. NNI has underperformed the broader market over this period.
Does NNI pay a dividend?
Yes. Nelnet, Inc. currently pays a dividend yield of 98.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20