Navan (NASDAQ:NAVN) Sets New 52-Week Low – Here’s What Happened

Navan, Inc. (NASDAQ:NAVN) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.60 and last traded at $13.00, with a volume of 535465 shares traded. The stock had previously closed at $14.64.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NAVN. Oppenheimer initiated coverage on Navan in a research report on Monday, November 24th. They set an “outperform” rating and a $25.00 target price for the company. JMP Securities set a $25.00 price objective on Navan in a report on Monday, November 24th. BNP Paribas Exane assumed coverage on shares of Navan in a report on Monday, November 24th. They issued an “outperform” rating and a $24.00 target price on the stock. Loop Capital upgraded shares of Navan to a “strong-buy” rating in a research report on Monday, November 24th. Finally, Citizens Jmp began coverage on shares of Navan in a research report on Monday, November 24th. They issued a “market outperform” rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $24.92.

Navan Trading Down 18.8%

Navan (NASDAQ:NAVN) last issued its quarterly earnings results on Monday, December 15th. The company reported ($4.58) earnings per share (EPS) for the quarter.

About Navan

Travel is more than just getting from point A to point B; it’s the lifeblood of connection in the modern business world. It’s about forging those critical in-person relationships with clients and partners, sparking innovation through team collaboration, and empowering employees to grow and succeed. These moments matter, and they demand a travel experience worthy of their importance.