In recent trading session, Navient Corporation (NASDAQ:NAVI) saw 2,939,667 shares changing hands at last check today with its beta currently measuring 1.8. Company’s recent per share price level of $11.98 trading at $1.07 or 9.85% at last check today assigns it a market valuation of $2.26 Billion. That most recent trading price of NAVI’s stock is at a discount of -29.38% from its 52-week high price of $15.5 and is indicating a premium of 66.03% from its 52-week low price of $4.07. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.83 Million shares which gives us an average trading volume of 2.02 Million if we extend that period to 3-months.
For Navient Corporation (NAVI), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 1.9. Splitting up the data highlights that, out of 10 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.83 in the current quarter.
Navient Corporation (NASDAQ:NAVI) trade information
Upright in the green today for gaining 9.85%, in the last five days NAVI remained trading in the green while hitting it’s week-highest on Thursday, Jan 14 when the stock touched $11.98- price level, adding 0.83% to its value on the day. Navient Corporation’s shares saw a change of 20.98% in year-to-date performance and have moved 8.39% in past 5-day. Navient Corporation (NASDAQ:NAVI) showed a performance of 28.57% in past 30-days. Number of shares sold short was 13.77 Million shares which calculate 6.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $12.53 to the stock, which implies a rise of 4.59% to its recent value today. Analysts have been projecting $9.5 as a low price target for the stock while placing it at a high target of $14. It follows that stock’s price at last check today has to jump +16.86% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.7% for stock’s latest value.
Navient Corporation (NAVI) estimates and forecasts
Statistics highlight that Navient Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added +47.23% of value to its shares in past 6 months, showing an annual growth rate of 23.11% while that of industry is -9.2. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 20.3% in the current quarter and calculating 41.2% increase in the next quarter. This year revenue growth is estimated to rise 3.9% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $284.03 Million for the same. And 4 analysts are in estimates of company making revenue of $261Million in the next quarter that will end on March 01, 2021. Company posted $294Million and $297Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -3.4% while estimating it to be -12.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.8% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 101.3% while estimates for its earnings growth in next 5 years are of 12%
Navient Corporation is more likely to be releasing its next quarterly report between January 26 and January 26, 2021, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.87%, the share has a forward dividend of 0.64 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 5.36%.
Navient Corporation (NASDAQ:NAVI)’s Major holders
Insiders are in possession of 2.27% of company’s total shares while institution are holding 98.08% percent of that, with stock having share float percentage of 100.36%. Investors also watch the number of corporate investors in a company very closely, which is 384 institutions for Navient Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NAVI for having 21.81 Million shares of worth $184.29 Million. And as of September 29, 2020, it was holding 11.71% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 20.19 Million shares on September 29, 2020. The number of shares represents firm’s hold over 10.84% of outstanding shares, having a total worth of $170.59 Million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 5434164 shares of worth $45.92 Million or 2.92% of the total outstanding shares. The later fund manager was in possession of 4.87 Million shares on December 30, 2020, making its stake of worth around $47.82 Million in the company or a holder of 2.61% of company’s stock.
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