In last trading session, SLM Corporation (NASDAQ:SLM) saw 0.91 million shares changing hands with its beta currently measuring 1.28. Company’s recent per share price level of $20.78 trading at $0.04 or 0.19% at ring of the bell on the day assigns it a market valuation of $6.05B. That closing price of SLM’s stock is at a discount of -2.98% from its 52-week high price of $21.40 and is indicating a premium of 42.16% from its 52-week low price of $12.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.6 million shares which gives us an average trading volume of 2.04 million if we extend that period to 3-months.
For SLM Corporation (SLM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.70. Splitting up the data highlights that, out of 12 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 10 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.97 in the current quarter.
SLM Corporation (NASDAQ:SLM) trade information
Upright in the green during last session for gaining 0.19%, in the last five days SLM remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $20.78 price level, adding 0.48% to its value on the day. SLM Corporation’s shares saw a change of 5.64% in year-to-date performance and have moved 2.16% in past 5-day. SLM Corporation (NASDAQ:SLM) showed a performance of 10.71% in past 30-days. Number of shares sold short was 4.94 million shares which calculate 2.17 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $24.29 to the stock, which implies a rise of 14.45% to its current value. Analysts have been projecting $21.00 as a low price target for the stock while placing it at a high target of $27.00. It follows that stock’s current price would drop -29.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.06% for stock’s current value.
SLM Corporation (SLM) estimates and forecasts
Statistics highlight that SLM Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.56% of value to its shares in past 6 months, showing an annual growth rate of 60.09% while that of industry is 14.50. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -15.70% in the current quarter and calculating -31.10% decrease in the next quarter. This year revenue growth is estimated to fall -6.00% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $358.38 million for the same. And 6 analysts are in estimates of company making revenue of $342.44 million in the next quarter that will end on Mar 2022. Company posted $366.54 million and $321.68 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -2.20% while estimating it to be 6.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 30.70% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 72.50% while estimates for its earnings growth in next 5 years are of 17.07%.
SLM Corporation is more likely to be releasing its next quarterly report between January 25 and January 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
SLM Corporation (NASDAQ:SLM)’s Major holders
Insiders are in possession of 0.60% of company’s total shares while institution are holding 100.42 percent of that, with stock having share float percentage of 101.03%. Investors also watch the number of corporate investors in a company very closely, which is 100.42% institutions for SLM Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at SLM for having 34.87 million shares of worth $613.79 million. And as of Sep 29, 2021, it was holding 11.90% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 25.56 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 8.72% of outstanding shares, having a total worth of $449.82 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 8.7 million shares of worth $153.09 million or 2.97% of the total outstanding shares. The later fund manager was in possession of 8.27 million shares on Oct 30, 2021, making its stake of worth around $151.73 million in the company or a holder of 2.82% of company’s stock.