Navient Corp (NASDAQ: NAVI) is -11.71% lower on its value in year-to-date trading and has touched a low of $14.10 and a high of $19.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NAVI stock was last observed hovering at around $16.89 in the last trading session, with the day’s loss setting it -0.45%.
Currently trading at $16.44, the stock is 0.69% and -2.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -2.66% at the moment leaves the stock -6.05% off its SMA200. NAVI registered 1.86% gain for a year compared to 6-month loss of -5.14%.
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The stock witnessed a 2.94% gain in the last 1 month and extending the period to 3 months gives it a -11.61%, and is -0.06% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 2.21% over the month.
Navient Corp (NAVI) has around 4500 employees, a market worth around $1.85B and $4.96B in sales. Current P/E ratio is 9.19 and Fwd P/E is 7.53. Profit margin for the company is 4.60%. Distance from 52-week low is 16.60% and -16.51% from its 52-week high. The company has generated returns on investments over the last 12 months (0.44%).
Navient Corp quarterly earnings per share for the current quarter are estimated at $0.62 with sales reaching $196M over the same period.The EPS is expected to shrink by -10.29% this year, but quarterly earnings will post -28.20% year-over-year. Quarterly sales are estimated to shrink -22.50% in year-over-year returns.
358 institutions hold shares in Navient Corp (NAVI), with institutional investors hold 107.14% of the company’s shares. The shares outstanding are 113.50M, and float is at 107.15M with Short Float at 7.18%. Institutions hold 101.58% of the Float.
The top institutional shareholder in the company is Sherborne Investors Management, LP with over 29.45 million shares valued at $547.18 million. The investor’s holdings represent 24.22% of the NAVI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.27 million shares valued at $302.35 million to account for 13.38% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 11.14 million shares representing 9.16% and valued at over $206.98 million, while Dimensional Fund Advisors LP holds 8.71% of the shares totaling 10.59 million with a market value of $196.85 million.
Navient Corp (NAVI) Insider Activity
The most recent transaction is an insider sale by HELEEN MARK L, the company’s EVP, CLO & Secretary. SEC filings show that HELEEN MARK L sold 10,000 shares of the company’s common stock on Jan 31 ’24 at a price of $17.20 per share for a total of $0.17 million. Following the sale, the insider now owns 0.39 million shares.
Navient Corp disclosed in a document filed with the SEC on Dec 14 ’23 that KANE JOHN M (EVP & Group President) sold a total of 150,132 shares of the company’s common stock. The trade occurred on Dec 14 ’23 and was made at $19.02 per share for $2.86 million. Following the transaction, the insider now directly holds 0.49 million shares of the NAVI stock.
Still, SEC filings show that on Nov 07 ’23, HELEEN MARK L (EVP, CLO & Secretary) disposed off 10,000 shares at an average price of $16.99 for $0.17 million. The insider now directly holds 395,330 shares of Navient Corp (NAVI).
