The price-to-earnings ratio for SLM Corp. (NASDAQ: SLM) is above average at 8.89x. The 36-month beta value for SLM is also noteworthy at 1.17. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for SLM is 216.84M, and at present, short sellers hold a 5.76% of that float. The average trading volume of SLM on April 23, 2024 was 2.22M shares.
SLM) stock’s latest price update
The stock price of SLM Corp. (NASDAQ: SLM) has jumped by 1.09 compared to previous close of 21.09. Despite this, the company has seen a gain of 2.90% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-17 that Sallie Mae (SLM) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SLM’s Market Performance
SLM Corp. (SLM) has seen a 2.90% rise in stock performance for the week, with a -1.39% decline in the past month and a 10.29% surge in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.17% for SLM. The simple moving average for the past 20 days is 0.91% for SLM’s stock, with a 25.48% 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 2.98% 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 -2.83% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares sank -0.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.33% upper at present.
During the last 5 trading sessions, SLM rose by +2.90%, which changed the moving average for the period of 200-days by +35.28% in comparison to the 20-day moving average, which settled at $21.13. In addition, SLM Corp. saw 11.51% 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 3.19. The receivables turnover for the company is 1.04for trailing twelve months and the total asset turnover is 0.06.
Conclusion
In summary, SLM Corp. (SLM) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
