As of Wednesday close, SLM Corporation’s (NASDAQ:SLM) stock was down -$0.19, moving down -1.31 percent to $14.29. The average number of shares traded per day over the past five days has been 1,620,240 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.02 fall in that time frame. In the last twenty days, the average volume was 1,186,650, while in the previous 50 days, it was 1,727,182.
Since last month, SLM stock retreated -11.52%. Shares of the company fell to $13.98 on 08/22/23, the lowest level in the past month. A 52-week high of $17.92 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 -13.92% or -$2.31, and marked a new high 7 times. However, the stock has declined by -20.28% since its 52-week high.
SLM stock investors should be aware that SLM Corporation (SLM) stock had its last reported insider trading activity 31 days ago on Jul 31. Jafarieh Nicolas, the EVP -Legal, Govt, Comm Officer of the company, disposed of 7,500 shares for $16.12 on Jul 31. It resulted in a $120,864 divestment by the insider.
Valuation Metrics
Right now, SLM Corporation (SLM) has a P/E ratio of about 9.37. The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 1.37, the price-to-book (PB) ratio of 2.16.
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 June 29 was 3.35, and the total debt-to-equity ratio was 3.35. In the year ended June 29, operating margins totaled 38.10%. 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 23.20%.
In SLM Corporation’s quarter-end financial report for June 29, it reported total debt of $5.21 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected SLM Corporation to report $1.16 quarterly earnings, the actual figure was $1.1 per share, beating the consensus estimate by -5.20%. The value of shareholders’ equity is $226.08 million.
Technical Picture
This quick technical analysis looks at SLM Corporation’s (SLM) price momentum. With a historical volatility rate of 17.51%, the RSI 9-day stood at 35.68% on 30 August.
With respect to its five-day moving average, the current SLM Corporation price is down by -0.14% percent or -$0.02. At present, SLM shares trade -9.44% below its 20-day simple moving average and +10.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.13% below its SMA50 and -18.30% below its SMA200.
Stochastic coefficient K was 27.37% and Stochastic coefficient D was 24.43%, while ATR was 0.31. Given the Stochastic reading of 25.73% for the 14-day period, the RSI (14) reading has been calculated as 35.20%. As of today, the MACD Oscillator reading stands at 0.06, while the 14-day reading stands at -0.04.
Analyst Ratings
JP Morgan upgraded its rating on SLM Corporation (NASDAQ: SLM) to an Overweight in a note to investors on April 17, 2023. The analysts firm previously had a Neutral rating on the stock.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 0 analysts rate SLM Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $16.00 – $20.00. Based on these forecasts, analysts predict SLM Corporation (SLM) will achieve an average price target of $18.41.
