SLM Corp. (NASDAQ: SLM) is 7.64% higher on its value in year-to-date trading and has touched a low of $12.26 and a high of $21.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLM stock was last observed hovering at around $20.66 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $20.58, the stock is -2.80% and -0.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.39% at the moment leaves the stock 21.61% off its SMA200. SLM registered 42.42% gain for a year compared to 6-month gain of 55.67%.
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The stock witnessed a 0.34% loss in the last 1 month and extending the period to 3 months gives it a 10.11%, and is -1.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.97% over the week and 2.22% over the month.
SLM Corp. (SLM) has around 1740 employees, a market worth around $4.53B and $2.89B in sales. Current P/E ratio is 8.58 and Fwd P/E is 7.14. Profit margin for the company is 19.53%. Distance from 52-week low is 67.86% and -6.20% from its 52-week high. The company has generated returns on investments over the last 12 months (7.93%).
The EPS is expected to grow by 12.14% this year
The shares outstanding are 220.34M, and float is at 216.84M with Short Float at 5.76%.
SLM Corp. (SLM) Insider Activity
The most recent transaction is an insider sale by Boyles Jonathan, the company’s SVP & Controller. SEC filings show that Boyles Jonathan sold 94,078 shares of the company’s common stock on Feb 29 ’24 at a price of $20.72 per share for a total of $1.95 million. Following the sale, the insider now owns 52751.0 shares.
SLM Corp. disclosed in a document filed with the SEC on Jan 30 ’24 that VIEIRA DONNA F (EVP & Chief Commercial Officer) sold a total of 12,308 shares of the company’s common stock. The trade occurred on Jan 30 ’24 and was made at $20.27 per share for $0.25 million. Following the transaction, the insider now directly holds 0.13 million shares of the SLM stock.
Still, SEC filings show that on Jul 31 ’23, Jafarieh Nicolas (EVP -Legal, Govt, Comm Officer) disposed off 7,500 shares at an average price of $16.12 for $0.12 million. The insider now directly holds 162,664 shares of SLM Corp. (SLM).
