SLM Corporation (SLM): A Technical View


At the last check on Friday, SLM Corporation’s (NASDAQ:SLM) stock was up $0.27, moving up 1.71 percent to $15.81. The average number of shares traded per day over the past five days has been 2,524,560 shares. 2 times new highs have been achieved over the past 5 days, with a $0.44 gain in that time frame. In the last twenty days, the average volume was 2,451,065, while in the previous 50 days, it was 2,818,196.

Since last month, SLM stock rose 3.50%. Shares of the company fell to $13.51 on 05/04/23, 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 $10.81. Since the beginning of this year, SLM’s stock price has dropped by -4.79% or -$0.86, and marked a new high 7 times. However, the stock has declined by -21.64% since its 52-week high.

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Valuation Metrics

Right now, SLM Corporation (SLM) has a P/E ratio of about 9.06. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 1.75, the price-to-book (PB) ratio of 2.38.

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 March 30 was 3.50, and the total debt-to-equity ratio was 3.50. In the year ended March 30, operating margins totaled 39.40%. 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 27.50%.

In SLM Corporation’s quarter-end financial report for March 30, it reported total debt of $5.51 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 $0.35 quarterly earnings, the actual figure was $0.47 per share, beating the consensus estimate by 34.30%. The value of shareholders’ equity is $242.25 million.

Technical Picture

This quick technical analysis looks at SLM Corporation’s (SLM) price momentum. With a historical volatility rate of 20.71%, the RSI 9-day stood at 68.99% on 25 May.

With respect to its five-day moving average, the current SLM Corporation price is up by +2.91% percent or $0.44. At present, SLM shares trade +4.83% above its 20-day simple moving average and -4.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately +24.76% above its SMA50 and -0.35% below its SMA200.

Stochastic coefficient K was 83.17% and Stochastic coefficient D was 79.61%, while ATR was 0.42. Given the Stochastic reading of 96.51% for the 14-day period, the RSI (14) reading has been calculated as 65.74%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at 0.24.

Analyst Ratings

SLM Corporation (SLM) has been rated Overweight by analysts. According to 0 brokerage firms, SLM is a sell, and 4 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 8 recommending it as overweight.

With a median target price of $18.00, the current consensus forecast for the stock is $15.00 – $20.00. Based on these forecasts, analysts predict SLM Corporation (SLM) will achieve an average price target of $18.08.


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