The stock of SLM Corporation (NASDAQ:SLM) decreased by -$0.06 on Friday to finish at $14.29, down -0.42 percent. The last five days have seen an average of 909,180 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.31. The average number of shares traded over the last 20 days was 1,153,040, while the average volume over the last 50 days totaled 1,732,428.
SLM stock dropped -9.15% since last month. On 08/22/23, the company’s shares reached a one-month low of $13.98. The stock touched a high of $17.92 on 02/01/23, after rallying from a low of $10.81 in 52 weeks. The price of SLM stock has declined by -13.92% or -$2.31 this year, reaching a new high 7 times. Still, the stock price is down -20.28% from the 52-week high.
Insider Transactions
SLM stock investors should be aware that SLM Corporation (SLM) stock had its last reported insider trading activity 28 days ago on Jul 31. On Jul 31, EVP -Legal, Govt, Comm Officer Jafarieh Nicolas sold 7,500 shares at $16.12 each. This transaction resulted in the insider making $120,864.
Valuation Metrics
SLM Corporation (SLM) has a trailing price-to-earnings (P/E) ratio of 9.37. Beta for the stock is 1.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.37, the price-to-book (PB) ratio of 2.16.
Company paid $0.11 per share in dividends, remained unchanged from $0.11 last year. A $0.08 dividend increase was reported on Wednesday October 20 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.35, and the total debt to equity ratio is 3.35. SLM Corporation’s operating margin stood at 38.10% for the same period. Based on annual data, it had gross profit of $1.49 billion and revenue of $2.03 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SLM’s return on assets (ROA) during the last 12 months has been 1.30%. There was a 10.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.20%.
Earnings Surprise
According to SLM Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that SLM Corporation’s quarterly earnings would be $1.1, but it ended up being $1.16, beating the consensus by -5.20%. At the end of SLM Corporation’s most recent quarter ended June 29, its total debt was $5.21 billion. Equity owned by shareholders amounts to $226.08 million.
Technical Picture
Here’s a quick look at SLM Corporation’s (SLM) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 32.15%, suggesting the stock is Neutral, with a 19.02% historical volatility rate.
The stochastic %K and %D were 18.56% and 13.66% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 19.50%, the RSI (14) reading is 32.96%. On the 9-day MACD Oscillator, the stock is at 0.01, and the 14-day reading is at -0.29.
Analyst Ratings
In its most recent analyst report, JP Morgan raised its rating on SLM Corporation (NASDAQ: SLM) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned SLM Corporation (SLM) an Overweight rating. SLM is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is SLM’s price target for the next 12 months?
The current consensus forecast for the stock is between $16.00 and $20.00, with a median target price of $19.00. In analyzing these forecasts, the average price target given by analysts for SLM Corporation (SLM) is $18.41.
