As of Friday close, SLM Corporation’s (NASDAQ:SLM) stock was down -$0.63, moving down -4.99 percent to $11.99. The average number of shares traded per day over the past five days has been 4,429,280 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.85 fall in that time frame. In the last twenty days, the average volume was 2,799,705, while in the previous 50 days, it was 2,384,578.
Since last month, SLM stock retreated -21.07%. Shares of the company fell to $11.61 on 03/13/23, the lowest level in the past month. A 52-week high of $20.17 was reached on 02/01/23 after having rallying from a 52-week low of $11.61. Since the beginning of this year, SLM’s stock price has dropped by -27.77% or -$4.61, and marked a new high 7 times. However, the stock has declined by -40.56% since its 52-week high.
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Valuation Metrics
Right now, SLM Corporation (SLM) has a P/E ratio of about 7.05. The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 1.51, the price-to-book (PB) ratio of 1.99.
The latest dividend of $0.11 per share was paid out, remained unchanged from last year’s $0.11. On Wednesday October 20 2021, a $0.08 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 3.55, and the total debt-to-equity ratio was 3.55. In the year ended December 30, operating margins totaled 42.10%. Based on annual data, SLM earned $1.49 billion in gross profit and brought in $2.03 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.30%. Return on equity (ROE) for the past 12 months was 27.40%.
In SLM Corporation’s quarter-end financial report for December 30, it reported total debt of $5.24 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected SLM Corporation to report $0.47 quarterly earnings, the actual figure was -$0.33 per share, beating the consensus estimate by -170.20%. The value of shareholders’ equity is $241.19 million.
Technical Picture
This quick technical analysis looks at SLM Corporation’s (SLM) price momentum. With a historical volatility rate of 42.21%, the RSI 9-day stood at 21.73% on 17 March.
With respect to its five-day moving average, the current SLM Corporation price is down by -6.62% percent or -$0.85. At present, SLM shares trade -19.20% below its 20-day simple moving average and -22.29% percent below its 100-day simple moving average. However, the stock is currently trading approximately -27.81% below its SMA50 and -38.80% below its SMA200.
Stochastic coefficient K was 24.03% and Stochastic coefficient D was 25.97%, while ATR was 0.62. Given the Stochastic reading of 12.98% for the 14-day period, the RSI (14) reading has been calculated as 24.74%. As of today, the MACD Oscillator reading stands at -0.57, while the 14-day reading stands at -1.03.
Analyst Ratings
SLM Corporation downgraded its rating on SLM Corporation (NASDAQ: SLM) to an Equal weight in a note to investors on February 03, 2023. The analysts firm previously had an Overweight rating on the stock.SLM Corporation (SLM) has been rated Overweight by analysts. According to 1 brokerage firm, SLM is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate SLM Corporation stock as buy, with 5 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $14.00 – $20.00. Based on these forecasts, analysts predict SLM Corporation (SLM) will achieve an average price target of $17.62.