In the past week, SLM stock has gone up by 3.34%, with a monthly gain of 8.94% and a quarterly surge of 0.69%. The volatility ratio for the week is 2.08%, and the volatility levels for the last 30 days are 2.25% for SLM Corp. The simple moving average for the past 20 days is 4.43% for SLM’s stock, with a 12.07% simple moving average for the past 200 days.
Is It Worth Investing in SLM Corp. (NASDAQ: SLM) Right Now?
SLM Corp. (NASDAQ: SLM) has a higher price-to-earnings ratio of 7.31x compared to its average ratio, The 36-month beta value for SLM is at 1.17. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SLM is 214.11M, and currently, shorts hold a 3.47% of that float. The average trading volume for SLM on October 17, 2024 was 1.51M shares.
SLM) stock’s latest price update
SLM Corp. (NASDAQ: SLM)’s stock price has plunge by 1.42relation to previous closing price of 23.18. Nevertheless, the company has seen a 3.34% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-16 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.
Analysts’ Opinion of SLM
Many brokerage firms have already submitted their reports for SLM stocks, with BofA Securities repeating the rating for SLM by listing it as a “Buy.” The predicted price for SLM in the upcoming period, according to BofA Securities is $27 based on the research report published on September 25, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see SLM reach a price target of $23, previously predicting the price at $14. The rating they have provided for SLM stocks is “Buy” according to the report published on January 16th, 2024.
Deutsche Bank gave a rating of “Buy” to SLM, setting the target price at $25 in the report published on January 10th of the current year.
SLM Trading at 8.84% 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 -1.84% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +8.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.96% upper at present.
During the last 5 trading sessions, SLM rose by +3.34%, which changed the moving average for the period of 200-days by +22.96% in comparison to the 20-day moving average, which settled at $22.51. In addition, SLM Corp. saw 22.96% 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 Strong Robert S., who sale 4,500 shares at the price of $22.72 back on Oct 01 ’24. After this action, Strong Robert S. now owns 92,130 shares of SLM Corp., valued at $102,230 using the latest closing price.
Strong Robert S., the Director of SLM Corp., proposed sale 4,500 shares at $22.69 during a trade that took place back on Oct 01 ’24, which means that Strong Robert S. is holding shares at $102,091 based on the most recent closing price.
Stock Fundamentals for SLM
Current profitability levels for the company are sitting at:
- 0.65 for the present operating margin
- 0.71 for the gross margin
The net margin for SLM Corp. stands at 0.3. The total capital return value is set at 0.06. Equity return is now at value 36.18, with 2.62 for asset returns.
Based on SLM Corp. (SLM), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at 2.37. The interest coverage ratio of the stock is 1.48.
Currently, EBITDA for the company is 1.4 billion with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 2.04. The receivables turnover for the company is 1.43for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, SLM Corp. (SLM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
