SLM Corp. [SLM] stock is trading at $21.62, up 2.42%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLM shares have gain 3.69% over the last week, with a monthly amount glided 9.36%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 14, March 2024, Scholly Returning to ABC’s ‘Shark Tank’ for Company Update on March 15. In a post published today on Yahoo Finance, Scholly Founder Chris Gray Along With Sallie Mae’s Donna Vieira Join Shark Tank Investors Daymond John and Lori Greiner To Celebrate Success of Innovative Scholarship App.
From an analyst’s perspective:
SLM Corp. [NASDAQ: SLM] stock has seen the most recent analyst activity on January 16, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $23 from $14. Previously, Deutsche Bank started tracking the stock with Buy rating on January 10, 2024, and set its price target to $25. On January 04, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $20 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $20 on December 08, 2023. Barclays initiated its recommendation with a Overweight and recommended $16 as its price target on November 15, 2023. TD Cowen started tracking with a Outperform rating for this stock on November 01, 2023, and assigned it a price target of $17.50. In a note dated April 17, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $16 to $17.
SLM Corp. [SLM] stock has fluctuated between $10.81 and $21.33 over the past year. Currently, Wall Street analysts expect the stock to reach $19.5 within the next 12 months. SLM Corp. [NASDAQ: SLM] shares were valued at $21.62 at the most recent close of the market. An investor can expect a potential drop of -9.81% based on the average SLM price forecast.
Analyzing the SLM fundamentals
SLM Corp. [NASDAQ:SLM] reported sales of 2.89B for the trailing twelve months, which represents a growth of 34.12%. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.8%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.32 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.32 points at the first support level, and at 21.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.83, and for the 2nd resistance point, it is at 22.04.
SLM Corp. [SLM] reported earnings per share of $0.91 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.89/share, meaning a difference of $0.02 and a surprise factor of 2.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.11 per share as compared to estimates of $0.31 per share, a difference of -$0.2 representing a surprise of -64.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 9.01.
Transactions by insiders
Recent insider trading involved Boyles Jonathan, SVP & Controller, that happened on Feb 29 ’24 when 94078.0 shares were sold. EVP & Chief Commercial Officer, VIEIRA DONNA F completed a deal on Jan 30 ’24 to sell 12308.0 shares. Meanwhile, EVP -Legal, Govt, Comm Officer Jafarieh Nicolas sold 7500.0 shares on Jul 31 ’23.
