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SLM Corp. (SLM) Analysis & Forecast for 2024

SLM Corp. (NASDAQ: SLM) is 8.73% higher on its value in year-to-date trading and has touched a low of $12.26 and a high of $22.74 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 $20.57 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $20.79, the stock is -0.95% and -1.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing 1.07% at the moment leaves the stock 15.92% off its SMA200. SLM registered 19.83% gain for a year compared to 6-month gain of 27.86%.

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The stock witnessed a -5.24% loss in the last 1 month and extending the period to 3 months gives it a -0.10%, and is -1.98% 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 3.22% over the week and 2.52% over the month.

SLM Corp. (SLM) has around 1740 employees, a market worth around $4.57B and $3.07B in sales. Current P/E ratio is 6.49 and Fwd P/E is 7.14. Profit margin for the company is 23.94%. Distance from 52-week low is 69.58% and -8.58% from its 52-week high. The company has generated returns on investments over the last 12 months (10.36%).

The EPS is expected to grow by 13.23% this year.

SLM Corp. (SLM) Top Institutional Holders

The shares outstanding are 220.34M, and float is at 216.25M with Short Float at 4.60%.

SLM Corp. (SLM) Insider Activity

The most recent transaction is an insider sale by Strong Robert S.,the company’sDirector. SEC filings show that Strong Robert S. sold 4,500 shares of the company’s common stock on Jun 03 ’24 at a price of $21.44 per share for a total of $96480.0. Following the sale, the insider now owns 0.1 million shares.

SLM Corp. disclosed in a document filed with the SEC on May 31 ’24 that Blackley Richard Scott (Director) bought a total of 11,702 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $21.31 per share for $0.25 million. Following the transaction, the insider now directly holds 23518.0 shares of the SLM stock.

Still, SEC filings show that on May 17 ’24, Jafarieh Nicolas (EVP -Legal, Govt, Comm Officer) disposed off 2,419 shares at an average price of $21.19 for $51259.0. The insider now directly holds 183,087 shares of SLM Corp. (SLM).

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