Navient Corporation (NASDAQ:NAVI) finished Friday with an addition of $0.06 to close at $17.82, an upside of 0.34 percent. An average of 660,920 shares of common stock have been traded in the last five days. There was a fall of -$0.48 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 918,215 shares traded, while the 50-day average volume stands at 1,555,082.
NAVI stock has decreased by -6.70% in the last month. The company shares reached their 1-month lowest point of $17.59 on 08/11/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $12.88 and a high of $19.69 in 52 weeks. It has reached a new high 18 times so far this year and achieved 8.33% or $1.37 in price. In spite of this, the price is down -9.50% from the 52-week high.
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Insider Transactions
NAVI stock investors should be aware that Navient Corporation (NAVI) stock had its last reported insider trading activity 12 days ago on Jul 31. In this transaction, the insider spent $380,138. EVP, Chief Risk&Compliance Off, HAUBER STEPHEN M, disposed of 11,351 shares at a price of $19.17 on Jan 27. The insider now owns more than $217,546 worth of shares. Prior to that, EVP & Group President KANE JOHN M went on to Sale 17,006 shares at $16.56 each on Jan 03. An amount of $281,606 was transacted.
Valuation Metrics
Navient Corporation (NAVI) has a trailing price-to-earnings (P/E) ratio of 6.14. The stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.84, the price-to-book (PB) ratio at 0.75, and the price-to-cash flow ratio at 5.00.
The company has a payout ratio of 21.80%. The company’s most recent quarterly dividend payment was $0.16 a share, without any change from last year. Its latest increase dividend $0.01 reported on Tuesday January 27 2015.
Financial Health
Further, the company has a long term debt to equity ratio of 19.43 and a total debt to equity ratio of 21.08 for the quarter ending June 29. Its gross profit as reported stood at $1.12 billion compared to revenue of $3.22 billion.
Earnings Surprise
For the three-month period that ended June 29, Navient Corporation had $56.94 billion in total debt. The analyst consensus anticipated Navient Corporation’s latest quarter earnings to come in at $0.74 per share, but it turned out to be $0.7, a -5.40% surprise. At the end of the quarter ending June 29, Navient Corporation’s stock balance sheet showed total debt was $62.01 billion. Shareholders own equity worth $121.6 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Navient Corporation (NAVI) price momentum. RSI 9-day as of the close on 11 August was 31.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.38%.
As of today, NAVI’s price is $18.13 -2.62% or -$0.48 from its 5-day moving average. NAVI is currently trading -6.95% lower than its 20-day SMA and +14.45% higher than its 100-day SMA. However, the stock’s current price level is +17.62% above the SMA50 and +14.97% above the SMA200.
The stochastic %K and %D were 4.69% and 8.37%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 11.33% and the average true range at 0.42, the RSI (14) stands at 38.30%. The stock has reached -0.41 on the 9-day MACD Oscillator while the 14-day reading was at -0.65.
Analyst Ratings
Morgan Stanley upgraded Navient Corporation (NASDAQ: NAVI) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Navient Corporation (NAVI) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NAVI, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is NAVI’s price target for the next 12 months?
Analysts predict a range of price targets between $18.00 and $22.00, with a median target of $19.75. Taking a look at these predictions, the average price target given by analysts for Navient Corporation (NAVI) stock is $19.56.
