A share price of Navient Corp [NAVI] is currently trading at $16.89, up 0.96%. An important factor to consider is whether the stock is rising or falling in short-term value. The NAVI shares have gain 3.18% over the last week, with a monthly amount glided 2.18%, and seem to be holding up well over a long-time horizon.
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On 31, January 2024, Navient posts fourth quarter 2023 financial results. In a post published today on Yahoo Finance, Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2023 fourth quarter financial results. Complete financial results as well as materials related to Navient’s in-depth business review are available on the company’s website at Navient.com/investors. The materials will also be available on Form 8-K on the SEC’s website at www.sec.gov.
From an analyst’s perspective:
Previously, Barclays downgraded its rating to Underweight on January 10, 2024, and dropped its price target to $14. On January 08, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $15 on the stock. Stephens downgraded its rating to a Underweight but stick to its price target of $16 on January 02, 2024. Barclays initiated its recommendation with a Equal Weight and recommended $17 as its price target on November 15, 2023. Jefferies downgraded its rating to Hold for this stock on November 09, 2023, and downed its price target to $16. In a note dated November 01, 2023, TD Cowen initiated an Market Perform rating and provided a target price of $17 on this stock.
Navient Corp experienced fluctuations in its stock price throughout the past year between $14.10 and $19.69. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Navient Corp [NASDAQ: NAVI] shares were valued at $16.89 at the most recent close of the market. An investor can expect a potential drop of -5.27% based on the average NAVI price forecast.
Analyzing the NAVI fundamentals
Trailing Twelve Months sales for Navient Corp [NASDAQ:NAVI] were 4.96B which represents 13.45% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 1.48%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 20.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.73 points at the first support level, and at 16.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.99, and for the 2nd resistance point, it is at 17.10.
Navient Corp [NAVI] reported earnings per share of $0.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of -$0.54 and a surprise factor of -72.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.47 per share as compared to estimates of $0.74 per share, a difference of -$0.27 representing a surprise of -36.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.38, the price to book ratio is 0.69 and price to earnings (TTM) ratio is 9.45.
Transactions by insiders
Recent insider trading involved HELEEN MARK L, EVP, CLO & Secretary, that happened on Jan 31 ’24 when 10000.0 shares were sold. EVP & Group President, KANE JOHN M completed a deal on Dec 14 ’23 to sell 0.15 million shares. Meanwhile, EVP, CLO & Secretary HELEEN MARK L sold 10000.0 shares on Nov 07 ’23.
