Gold prices edge higher on raised Fed rate cut hopes
SLM (NASDAQ:SLM) Corp Pb Pref stock has touched a 52-week low, dipping to $72.15, marking a notable point in the company’s recent trading history. Trading at an attractive P/E ratio of 9.25x and offering a substantial dividend yield of 8.71%, InvestingPro analysis suggests the stock is currently undervalued. This low comes amidst a challenging year for the preferred shares, though the stock has actually gained 7.14% over the past year. Investors are closely monitoring the stock as it navigates through market conditions, with the company’s next earnings announcement due in 19 days. The 52-week low serves as a critical benchmark for the company’s performance and could potentially signal a buying opportunity for value investors seeking to capitalize on the stock’s diminished price level. Additional financial metrics and insights are available on InvestingPro, including several more bullish indicators for the stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.