SLM Corp (NASDAQ: SLM) on Tuesday, soared 0.75% from the previous trading day, before settling in for the closing price of $23.90. Within the past 52 weeks, SLM’s price has moved between $13.93 and $24.59.
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. The company achieved an average annual earnings per share of 13.42%. With a float of $209.09 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 70.38%, operating margin of 65.2%, and the pretax margin is 36.06%.
SLM Corp (SLM) Insider Updates
Observing investor behavior towards Credit Services industry stocks is more important than anything else. The insider ownership of SLM Corp is 1.53%, while institutional ownership is 105.70%. The most recent insider transaction that took place on Nov 01 ’24, was worth 99,505. In this transaction Director of this company sold 4,500 shares at a rate of $22.11, taking the stock ownership to the 87,630 shares. Before that another transaction happened on Nov 01 ’24, when Company’s Director proposed sale 4,500 for $22.08, making the entire transaction worth $99,367.
SLM Corp (SLM) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 13.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.18% during the next five years compared to 17.55% growth over the previous five years of trading.
SLM Corp (NASDAQ: SLM) Trading Performance Indicators
SLM Corp (SLM) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.88, a number that is poised to hit 0.56 in the next quarter and is forecasted to reach 3.00 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 2.12 million. That was better than the volume of 1.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.36%. Additionally, its Average True Range was 0.75.
During the past 100 days, SLM Corp’s (SLM) raw stochastic average was set at 90.19%, which indicates a significant increase from 85.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.96% in the past 14 days, which was higher than the 34.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.26, while its 200-day Moving Average is $21.35. However, in the short run, SLM Corp’s stock first resistance to watch stands at $24.34. Second resistance stands at $24.59. The third major resistance level sits at $24.98. If the price goes on to break the first support level at $23.70, it is likely to go to the next support level at $23.31. Assuming the price breaks the second support level, the third support level stands at $23.06.
SLM Corp (NASDAQ: SLM) Key Stats
Market capitalization of the company is 5.11 billion based on 212,330K outstanding shares. Right now, sales total 2,839 M and income totals 581,390 K. The company made 677,160 K in profit during its latest quarter, and -45,150 K in sales during its previous quarter.
