Navient Corp (NASDAQ: NAVI) is -12.24% lower on its value in year-to-date trading and has touched a low of $13.95 and a high of $19.68 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 $16.04 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $16.34, the stock is 7.04% and 8.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 1.87% at the moment leaves the stock 0.58% off its SMA200. NAVI registered -6.47% loss for a year compared to 6-month gain of 3.75%.
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The stock witnessed a -0.49% loss in the last 1 month and extending the period to 3 months gives it a 10.85%, and is 5.56% up 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 2.60% over the week and 2.71% over the month.
Navient Corp (NAVI) has around 4500 employees, a market worth around $1.79B and $4.84B in sales. Current P/E ratio is 11.94 and Fwd P/E is 9.41. Profit margin for the company is 3.31%. Distance from 52-week low is 17.09% and -16.97% from its 52-week high. The company has generated returns on investments over the last 12 months (0.32%).
Navient Corp quarterly earnings per share for the current quarter are estimated at 0.3 with sales reaching $151M over the same period.The EPS is expected to shrink by -40.12% this year, but quarterly earnings will post -37.60% year-over-year.
336.0 institutions hold shares in Navient Corp (NAVI), with institutional investors hold 105.39% of the company’s shares. The shares outstanding are 113.50M, and float is at 107.26M with Short Float at 7.84%. Institutions hold 103.07% of the Float.
The top institutional shareholder in the company is SHERBORNE INVESTORS MANAGEMENT LP with over 29.45 million shares valued at $428.79 million. The investor’s holdings represent 26.0619 of the NAVI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.94 million shares valued at $202.98 million to account for 12.3368 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 9.73 million shares representing 8.6089 and valued at over $141.64 million, while DIMENSIONAL FUND ADVISORS LP holds 8.1993 of the shares totaling 9.27 million with a market value of $134.9 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 May 03 ’24 at a price of $16.00 per share for a total of $0.16 million. Following the sale, the insider now owns 0.39 million shares.
Navient Corp disclosed in a document filed with the SEC on Jan 31 ’24 that HELEEN MARK L (EVP, CLO & Secretary) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Jan 31 ’24 and was made at $17.20 per share for $0.17 million. Following the transaction, the insider now directly holds 0.39 million shares of the NAVI stock.
Still, SEC filings show that on Dec 14 ’23, KANE JOHN M (EVP & Group President) disposed off 150,132 shares at an average price of $19.02 for $2.86 million. The insider now directly holds 490,778 shares of Navient Corp (NAVI).
