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After finishing at $22.80 in the prior trading day, SLM Corp. (NASDAQ: SLM) closed at $22.69, down -0.48%. In other words, the price has decreased by -$0.48 from its previous closing price. On the day, 1.23 million shares were traded. SLM stock price reached its highest trading level at $23.1 during the session, while it also had its lowest trading level at $22.59.
Ratios:
Our goal is to gain a better understanding of SLM by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.37 whereas as Long-Term Debt/Eq ratio is at 2.37.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on January 16, 2024, Upgraded its rating to Buy and sets its target price to $23 from $14 previously.
On January 10, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $25.
JP Morgan Downgraded its Overweight to Neutral on January 04, 2024, whereas the target price for the stock was revised from $18 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when Strong Robert S. sold 4,500 shares for $20.89 per share. The transaction valued at 94,019 led to the insider holds 105,593 shares of the business.
Strong Robert S. sold 4,500 shares of SLM for $96,480 on Jun 03 ’24. The Director now owns 102,983 shares after completing the transaction at $21.44 per share. On May 31 ’24, another insider, Blackley Richard Scott, who serves as the Director of the company, bought 11,702 shares for $21.31 each. As a result, the insider paid 249,378 and bolstered with 23,518 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SLM now has a Market Capitalization of 4934190080 and an Enterprise Value of 5289396224. As of this moment, SLM’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.05, and their Forward P/E ratio for the next fiscal year is 7.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 2.43. Its current Enterprise Value per Revenue stands at 3.14.
Stock Price History:
Over the past 52 weeks, SLM has reached a high of $23.95, while it has fallen to a 52-week low of $12.26. The 50-Day Moving Average of the stock is 6.24%, while the 200-Day Moving Average is calculated to be 17.72%.
Shares Statistics:
The stock has traded on average 1.68M shares per day over the past 3-months and 2049290 shares per day over the last 10 days, according to various share statistics. A total of 220.34M shares are outstanding, with a floating share count of 213.94M. Insiders hold about 1.62% of the company’s shares, while institutions hold 100.83% stake in the company. Shares short for SLM as of 1721001600 were 8730463 with a Short Ratio of 5.18, compared to 1718323200 on 10562362. Therefore, it implies a Short% of Shares Outstanding of 8730463 and a Short% of Float of 4.79.
Dividends & Splits
In the trailing 12 months, SLM’s forward annual dividend rate was 0.44, compared to 0.44 this year. Against a Trailing Annual Dividend Yield of 0.019298246The stock’s 5-year Average Dividend Yield is 1.73.
