Boyles Jonathan Acquires SLM Corporation (SLM) Shares

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NTGR
NTGR

SLM Corporation (NASDAQ:SLM) traded with a subtraction of $0.0 to close at $16.67 on Friday, an upside of 0.03 percent. An average of 856,658 shares of common stock have been traded in the last five days. There was a gain of $0.28 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,391,339 shares traded, while the 50-day average volume stands at 1,529,780.

SLM stock has decreased by -2.51% in the last month. The company shares reached their 1-month lowest point of $15.93 on 12/20/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $13.72 and a high of $20.88 in 52 weeks. It has reached a new high 8 times so far this year and lost -15.25% or -$2.98 in price. In spite of this, the price is down -20.14% from the 52-week high.


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Insider Transactions

SLM stock investors should be aware that SLM Corporation (SLM) stock had its last reported insider trading activity 301 days ago on Mar 04. In this transaction, the insider spent $107,020. EVP & Chief Financial Officer, McGarry Steven, disposed of 15,016 shares at a price of $19.75 on Feb 28. The insider now owns more than $296,566 worth of shares. Prior to that, EVP & Chief Financial Officer McGarry Steven went on to Sale 22,834 shares at $19.89 each on Feb 25. An amount of $454,212 was transacted.

Valuation Metrics

SLM Corporation (SLM) has a trailing price-to-earnings (P/E) ratio of 5.43. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.17, the price-to-book (PB) ratio at 2.42.

The company has a payout ratio of 14.10%. The company’s most recent quarterly dividend payment was $0.11 a share, without any change from last year. Its latest increase dividend $0.08 reported on Wednesday October 20 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 3.19 and a total debt to equity ratio of 3.19 for the quarter ending September 29. Its gross profit as reported stood at $1.39 billion compared to revenue of $1.78 billion.

Earnings Surprise

For the three-month period that ended September 29, SLM Corporation had $5.52 billion in total debt. The analyst consensus anticipated SLM Corporation’s latest quarter earnings to come in at $0.48 per share, but it turned out to be $0.29, a -39.60% surprise. At the end of the quarter ending September 29, SLM Corporation’s stock balance sheet showed total debt was $5.52 billion. Shareholders own equity worth $250.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SLM Corporation (SLM) price momentum. RSI 9-day as of the close on 29 December was 54.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.46%.

As of today, SLM’s price is $16.54 +1.74% or $0.28 from its 5-day moving average. SLM is currently trading -3.55% lower than its 20-day SMA and +11.08% higher than its 100-day SMA. However, the stock’s current price level is +8.83% above the SMA50 and -8.62% below the SMA200.

The stochastic %K and %D were 36.85% and 33.84%, respectively, and the average true range (ATR) was 0.44. With the 14-day stochastic at 46.08% and the average true range at 0.46, the RSI (14) stands at 52.07%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.04.

Analyst Ratings

Compass Point downgraded SLM Corporation (NASDAQ: SLM) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for SLM Corporation (SLM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SLM, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is SLM’s price target for the next 12 months?

Analysts predict a range of price targets between $15.00 and $22.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for SLM Corporation (SLM) stock is $18.85.

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