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Friday, September 29, 2023

The Street Is Finally Waking Up To Navient Corporation (NASDAQ: NAVI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Navient Corporation (NAVI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.62, or 3.47%, to $18.50. The Navient Corporation has recorded 1,164,413 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Navient posts second quarter 2023 financial results.

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Stocks Info

Navient Corporation is listed on the NASDAQ as a member of the Financial sector and is a part of the Credit Services industry. At the end of the last regular session, the stock closed at $17.88 and fluctuated between $18.03 as its day high and $17.68 as its day low. The current market capitalization of Navient Corporation is $2.16B. A total of 5.69 million shares were traded on the day, compared to an average of 1.31M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NAVI has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 20,509 shares. Over the last 12 months, there were 20 BUYs and 31 SELLs from insiders. Insiders purchased 1,532,179 shares during that period but sold 1,037,540.

In the most recent transaction, HELEEN MARK L sold 20,000 shares of NAVI for 19.01 per share on Jul 31. After the transaction, the EVP, CLO & Secretary now owns 404,056 company shares. In a previous transaction on Jan 27, HAUBER STEPHEN M sold 11,351 shares at 19.17 per share. NAVI shares that EVP, Chief Risk&Compliance Off owns now total 217,081.

Among the insiders who sold shares, KANE JOHN M disposed of 17,006 shares on Jan 03 at a per-share price of $16.56. This resulted in the EVP & Group President holding 607,303 shares of NAVI after the transaction.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Navient Corporation pays an annual dividend of $0.64, resulting in a dividend yield of 3.58%, and it has a price to earnings (P/E) ratio of 6.16. NAVI’s most recent ex-dividend date was 8/31/2023 when it declared a $0.16 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/16/2023 with an ex-dividend date of 6/1/2023. The NAVI stock dividend was $0.16 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NAVI in the last 3 months, the mean price target is $19.56 with high estimates of $22.00 and low estimates of $18.00. In terms of 52-week highs and lows, NAVI has a high of $19.69 and a low of $12.88.

As of this writing, NAVI has an earnings estimate of $0.73 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.63. The company reported an EPS of $1.02 in the last quarter, which was 24.40% higher than expectations of $0.82.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $23.63, while its Total Shareholder’s Equity was $2.61B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NAVI is Buy with a score of 3.00.

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