SLM Corp. (SLM) concluded trading on Wednesday at a closing price of $23.64, with 3.79 million shares of worth about $89.52 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.19% during that period and on July 24, 2024 the price saw a gain of about 0.60%. Currently the company’s common shares owned by public are about 220.34M shares, out of which, 216.16M shares are available for trading.
Stock saw a price change of 0.60% in past 5 days and over the past one month there was a price change of 12.63%. Year-to-date (YTD), SLM shares are showing a performance of 23.64% which increased to 41.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.26 but also hit the highest price of $23.95 during that period. The average intraday trading volume for SLM Corp. shares is 1.64 million. The stock is currently trading 8.87% above its 20-day simple moving average (SMA20), while that difference is up 11.53% for SMA50 and it goes to 24.21% higher than SMA200.
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SLM Corp. (NASDAQ: SLM) currently have 220.34M outstanding shares and institutions hold larger chunk of about 99.91% of that.
The stock has a current market capitalization of $5.19B and its 3Y-monthly beta is at 1.18. PE ratio of stock for trailing 12 months is 7.38, while it has posted earnings per share of $3.20 in the same period. Its PEG reads 0.25 while making debt-to-equity ratio of 2.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SLM, volatility over the week remained 2.70% while standing at 2.20% over the month.
Stock’s fiscal year EPS is expected to rise by 15.04% while it is estimated to increase by 5.10% in next year. EPS is likely to grow at an annualized rate of 29.58% for next 5-years, compared to annual growth of 17.55% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on January 16, 2024 offering a Buy rating for the stock and assigned a target price range of between $14 and $23 to it. Coverage by Deutsche Bank stated SLM Corp. (SLM) stock as a Buy in their note to investors on January 10, 2024, suggesting a price target of $25 for the stock. On January 04, 2024, JP Morgan Downgrade their recommendations, while on December 08, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $20. Stock get an Overweight rating from Barclays on November 15, 2023.
