SLM Corp. (SLM) concluded trading on Thursday at a closing price of $22.21, with 4.72 million shares of worth about $104.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.28% during that period and on October 24, 2024 the price saw a loss of about -2.59%. Currently the company’s common shares owned by public are about 220.34M shares, out of which, 214.11M shares are available for trading.
Stock saw a price change of -6.05% in past 5 days and over the past one month there was a price change of 1.65%. Year-to-date (YTD), SLM shares are showing a performance of 16.16% which increased to 70.85% 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 1.46 million. The stock is currently trading -2.64% below its 20-day simple moving average (SMA20), while that difference is up 1.40% for SMA50 and it goes to 5.21% higher than SMA200.
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SLM Corp. (NASDAQ: SLM) currently have 220.34M outstanding shares and institutions hold larger chunk of about 102.94% of that.
The stock has a current market capitalization of $4.83B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 7.72, while it has posted earnings per share of $2.88 in the same period. It has a debt-to-equity ratio of 2.83. 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 2.69% while standing at 2.31% over the month.
Stock’s fiscal year EPS is expected to rise by 14.66% while it is estimated to increase by 8.56% in next year. EPS is likely to shrink at an annualized rate of -1.06% 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 BofA Securities on September 25, 2024 offering a Buy rating for the stock and assigned a target price of $27 to it. Coverage by Citigroup stated SLM Corp. (SLM) stock as a Buy in their note to investors on January 16, 2024, suggesting a price target of $23 for the stock. On January 10, 2024, Deutsche Bank Initiated their recommendations, while on January 04, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $20. Stock get an Overweight rating from Wells Fargo on December 08, 2023.
