SLM Corp. (NASDAQ: SLM)’s stock price has plunge by -1.40relation to previous closing price of 21.36. Nevertheless, the company has seen a -2.50% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Sallie Mae (SLM) is well-poised to gain from a solid loan balance, strategic buyouts and strong balance sheet position.
Is It Worth Investing in SLM Corp. (NASDAQ: SLM) Right Now?
The price-to-earnings ratio for SLM Corp. (NASDAQ: SLM) is above average at 8.78x, Company’s 36-month beta value is 1.18.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SLM is 216.84M, and currently, short sellers hold a 4.94% ratio of that floaft. The average trading volume of SLM on April 05, 2024 was 2.39M shares.
SLM’s Market Performance
SLM stock saw an increase of -2.50% in the past week, with a monthly gain of 1.01% and a quarterly increase of 13.65%. The volatility ratio for the week is 2.63%, and the volatility levels for the last 30 days are 2.39% for SLM Corp. (SLM). The simple moving average for the past 20 days is -0.10% for SLM’s stock, with a 26.03% simple moving average for the past 200 days.
Analysts’ Opinion of SLM
Many brokerage firms have already submitted their reports for SLM stocks, with Citigroup repeating the rating for SLM by listing it as a “Buy.” The predicted price for SLM in the upcoming period, according to Citigroup is $23 based on the research report published on January 16, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see SLM reach a price target of $25. The rating they have provided for SLM stocks is “Buy” according to the report published on January 10th, 2024.
JP Morgan gave a rating of “Neutral” to SLM, setting the target price at $20 in the report published on January 04th of the current year.
SLM Trading at 3.36% from the 50-Day Moving Average
After a stumble in the market that brought SLM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.01% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +1.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.74% upper at present.
During the last 5 trading sessions, SLM fell by -2.50%, which changed the moving average for the period of 200-days by +27.48% in comparison to the 20-day moving average, which settled at $21.10. In addition, SLM Corp. saw 10.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLM starting from Boyles Jonathan, who sale 94,078 shares at the price of $20.72 back on Feb 29 ’24. After this action, Boyles Jonathan now owns 52,751 shares of SLM Corp., valued at $1,949,023 using the latest closing price.
VIEIRA DONNA F, the EVP & Chief Commercial Officer of SLM Corp., sale 12,308 shares at $20.27 during a trade that took place back on Jan 30 ’24, which means that VIEIRA DONNA F is holding 126,500 shares at $249,484 based on the most recent closing price.
Stock Fundamentals for SLM
Current profitability levels for the company are sitting at:
- 0.8 for the present operating margin
- 0.69 for the gross margin
The net margin for SLM Corp. stands at 0.32. The total capital return value is set at 0.05. Equity return is now at value 32.23, with 2.01 for asset returns.
Based on SLM Corp. (SLM), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 2.78. The interest coverage ratio of the stock is 1.4.
Currently, EBITDA for the company is 1.4 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 3.16. The receivables turnover for the company is 1.04for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In a nutshell, SLM Corp. (SLM) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
