SLM Corp. (NASDAQ:SLM) saw an upside of 0.91% to $13.88 after adding $0.13 on Tuesday. The 5-day average trading volume is 1,153,646 shares of the company’s common stock. It has gained $14.35 in the past week and touched a new high 1 time within the past 5 days. An average of 2,155,237 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,883,617.
SLM’s 1-month performance is -2.90% or -$0.39 on its low of $13.53 reached on 09/25/23. The company’s shares have touched a 52-week low of $10.81 and high of $17.92, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, SLM has lost -16.42% or -$2.70 and has reached a new high 7 times. However, the current price is down -22.59% from the 52-week high price.
Insider Transactions
SLM stock investors last saw insider trading activity on Jul 31.Jafarieh Nicolas (EVP -Legal, Govt, Comm Officer) most recently sold 7,500 shares at $16.12 per share on Jul 31. This transaction cost the insider $120,864.
Valuation Metrics
SLM stock has a beta of 1.23. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.19 while the price-to-book (PB) in the most recent quarter is 2.02.
As well, the company’s long term debt to equity for the quarter ending June 30 was 2.89, while the total debt to equity was 2.89. In terms of profitability, the gross margin trailing 12 months is 74.84%. The firm’s gross profit as reported stood at $1.49 billion against revenue of $2.03 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected SLM to announce $1.16 per share in earnings in its latest quarter, but it posted $1.1, representing a -5.20% surprise. Shareholders hold equity totaling $226.08 million.
Let’s look briefly at SLM Corp. (SLM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 42.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.44%.
The stock’s 5-day moving average is $13.82, reflecting a -1.63% or -$0.23 change from its current price. SLM is currently trading -3.14% above its 20-day SMA, +0.07% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.76% and SMA200 by-16.72%.
Stochastic %K and %D was 20.63% and 15.02% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 40.87%, while the 14-day stochastic is at 37.76% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for SLM Corp. (NASDAQ: SLM), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for SLM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SLM as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is SLM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $16.00 and a high of $20.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for SLM Corp. (SLM) stock is $18.41.
