When is the right time to cash out of SLM Corp. [SLM] stock?

Stocks of SLM Corp. (NASDAQ:SLM) traded higher last session on Wall Street, down -2.71% to $23.00.

SLM stock price is now 8.32% away from the 50-day moving average and 20.52% away from the 200-day moving average. The market capitalization of the company currently stands at $5.05B.

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With the price target enhanced from $14 to $23, Citigroup Upgraded its rating from Neutral to Buy for SLM Corp. (NASDAQ: SLM). On January 10, 2024, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $25, while ‘JP Morgan’ rates the stock as ‘Neutral’

In other news, Strong Robert S., Director sold 4,500 shares of the company’s stock on Jul 01 ’24. The stock was sold for $94,019 at an average price of $20.89. Upon completion of the transaction, the Director now directly owns 105,593 shares in the company, valued at $2.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Director Strong Robert S. sold 4,500 shares of the business’s stock. A total of $96,480 was realized by selling the stock at an average price of $21.44. This leaves the insider owning 102,983 shares of the company worth $2.37 million. A total of 1.62% of the company’s stock is owned by insiders.

During the past 12 months, SLM Corp. has had a low of $12.26 and a high of $23.95. According to the stock market information, the enterprise value for the company is $5332772352, which is based on a 7.15 price-to-earnings ratio, a 0.24 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for SLM is $21.2628 and a two-hundred day moving average price translates $19.1333 for the stock.

The latest earnings results from SLM Corp. (NASDAQ: SLM) was released for 2024-06-30. The net profit margin was 23.46% and return on equity was 36.18% for SLM. The company reported revenue of $641.48 million for the quarter, compared to $633.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.19 percent.

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