A new trading day began on Friday, with SLM Corp (NASDAQ: SLM) stock price up 9.13% from the previous day of trading, before settling in for the closing price of $24.86. SLM’s price has ranged from $13.93 to $25.09 over the past 52 weeks.
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Annual sales at Financial sector company grew by 9.59% over the past five years. Meanwhile, its annual earnings per share averaged 13.81%. With a float of $208.98 million, this company’s outstanding shares have now reached $220.34 million.
Let’s look at the performance matrix of the company that is accounted for 1740 employees. In terms of profitability, gross margin is 70.38%, operating margin of 52.1%, and the pretax margin is 36.06%.
SLM Corp (SLM) Insider and Institutional Ownership
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 1.58%, while institutional ownership is 98.37%. 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) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.72 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 0.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.81% 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
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 2.05.
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 3.01 in one year’s time.
Technical Analysis of SLM Corp (SLM)
SLM Corp (NASDAQ: SLM) saw its 5-day average volume 2.82 million, a positive change from its year-to-date volume of 1.81 million. As of the previous 9 days, the stock’s Stochastic %D was 80.97%. Additionally, its Average True Range was 0.80.
During the past 100 days, SLM Corp’s (SLM) raw stochastic average was set at 99.36%, which indicates a significant increase from 99.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.71% in the past 14 days, which was higher than the 37.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.89, while its 200-day Moving Average is $21.55. Nevertheless, the first resistance level for the watch stands at $27.90 in the near term. At $28.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $30.16. If the price goes on to break the first support level at $25.64, it is likely to go to the next support level at $24.15. The third support level lies at $23.38 if the price breaches the second support level.
SLM Corp (NASDAQ: SLM) Key Stats
With a market capitalization of 6.29 billion, the company has a total of 212,330K Shares Outstanding. Currently, annual sales are 2,839 M while annual income is 581,390 K. The company’s previous quarter sales were 677,160 K while its latest quarter income was -45,150 K.
