Navient Corporation (NASDAQ: NAVI) stock fell -1.37% on Wednesday to $15.13 against a previous-day closing price of $15.34. With 0.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.0 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $15.22 whereas the lowest price it dropped to was $15.05. The 52-week range on NAVI shows that it touched its highest point at $19.34 and its lowest point at $12.45 during that stretch. It currently has a 1-year price target of $18.39. With its current market cap of 1.94 billion, NAVI has annualized dividend of $0.64 while the current yield stands at 4.23%. Beta for the stock currently stands at 1.55.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NAVI was down-trending over the past week, with a drop of -2.01%, but this was down by -5.38% over a month. Three-month performance dropped to -17.14% while six-month performance fell -5.61%. The stock lost -1.63% in the past year, while it has lost -8.02% so far this year. A look at the trailing 12-month EPS for NAVI yields 3.60 with Next year EPS estimates of 3.03. For the next quarter, that number is 0.78. This implies an EPS growth rate of 7.50% for this year and -6.31% for next year. EPS is expected to grow by 7.42% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 71.80%.
Float and Shares Shorts:
At present, 129.00 million NAVI shares are outstanding with a float of 124.43 million shares on hand for trading. On Apr 27, 2023, short shares totaled 8.06 million, which was 6.35% higher than short shares on Mar 30, 2023. In addition to Mr. David L. Yowan as the firm’s Pres, CEO & Director, Mr. Joe Fisher C.F.A. serves as its Exec. VP, CFO & Principal Accounting Officer.
Institutional Ownership:
Through their ownership of 96.38% of NAVI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.50% of NAVI, in contrast to 49.06% held by mutual funds. Shares owned by individuals account for 43.53%. As the largest shareholder in NAVI with 23.29% of the stake, Sherborne Investors Management LP holds 29,449,997 shares worth 29,449,997. A second-largest stockholder of NAVI, BlackRock Fund Advisors, holds 11,261,343 shares, controlling over 8.90% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in NAVI, holding 11,183,998 shares or 8.84% stake. With a 2.83% stake in NAVI, the DFA US Small Cap Value Portfolio is the largest stakeholder. A total of 3,578,333 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 2.50% of NAVI stock, is the second-largest Mutual Fund holder. It holds 3,165,285 shares valued at 52.35 million. Vanguard Total Stock Market ETF holds 2.44% of the stake in NAVI, owning 3,091,108 shares worth 51.13 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NAVI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NAVI analysts setting a high price target of $22.00 and a low target of $16.00, the average target price over the next 12 months is $18.25. Based on these targets, NAVI could surge 45.41% to reach the target high and rise by 5.75% to reach the target low. Reaching the average price target will result in a growth of 20.62% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, NAVI has a current ratio of $0.64, which is $0.64 over the trailing 12-months, while a dividend of $0.64 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NAVI currently yields $4.23. In the past year, NAVI’s dividend yield has been $4.23, but when looking at the stock over the past five years, its yield has been $4.96. Accordingly, NAVI has a current buyback yield of $19.34. This was $19.34 for the TTM, and it was $17.87 for the past five years.
Summary of Insider Activity:
Insiders traded NAVI stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 180,384 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 1,267,454 while 1,017,031 shares were sold.
