A new trading day began on Tuesday, with SLM Corp. (NASDAQ: SLM) stock price down -1.67% from the previous day of trading, before settling in for the closing price of $21.51. SLM’s price has ranged from $12.26 to $23.95 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Financial sector has jumped its sales by 9.59% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 17.12%. With a float of $213.86 million, this company’s outstanding shares have now reached $220.34 million.
In an organization with 1740 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 70.78%, operating margin of 64.78%, and the pretax margin is 39.71%.
SLM Corp. (SLM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Credit Services Industry. The insider ownership of SLM Corp. is 1.66%, while institutional ownership is 98.26%. The most recent insider transaction that took place on Aug 01 ’24, was worth 102,150. In this transaction Director of this company sold 4,500 shares at a rate of $22.70, taking the stock ownership to the 101,093 shares. Before that another transaction happened on Aug 01 ’24, when Company’s Director proposed sale 4,500 for $22.67, making the entire transaction worth $102,012.
SLM Corp. (SLM) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.11 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.12% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.58% during the next five years compared to 17.55% growth over the previous five years of trading.
SLM Corp. (NASDAQ: SLM) Trading Performance Indicators
Here are SLM Corp.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.22, a number that is poised to hit 0.08 in the next quarter and is forecasted to reach 2.95 in one year’s time.
Technical Analysis of SLM Corp. (SLM)
Let’s dig in a bit further. During the last 5-days, its volume was 0.96 million. That was inferior than the volume of 1.86 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 66.15%. Additionally, its Average True Range was 0.51.
During the past 100 days, SLM Corp.’s (SLM) raw stochastic average was set at 38.60%, which indicates a significant decrease from 57.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.99% in the past 14 days, which was lower than the 26.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.43, while its 200-day Moving Average is $20.01. However, in the short run, SLM Corp.’s stock first resistance to watch stands at $21.37. Second resistance stands at $21.59. The third major resistance level sits at $21.70. If the price goes on to break the first support level at $21.03, it is likely to go to the next support level at $20.92. Assuming the price breaks the second support level, the third support level stands at $20.70.
SLM Corp. (NASDAQ: SLM) Key Stats
With a market capitalization of 4.60 billion, the company has a total of 219,716K Shares Outstanding. Currently, annual sales are 2,839 M while annual income is 581,390 K. The company’s previous quarter sales were 783,280 K while its latest quarter income was 251,990 K.
