The trading price of Sunlands Technology Group (NYSE:STG) closed higher on Tuesday, Jan 12, closing at $1.1, 0.91% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.0900 and $1.1250. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $2.81 and a 52-week low of $0.68. Over the past month, the stock has gained 1.83% in value.
Analysts have forecast the company to bring in revenue of $74.35 Million for the quarter, with the likely lows of $78.15 Million and highs of $78.15 Million. The average estimate suggests sales will likely down by -3% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $307.36 Million. The company’s revenue is forecast to grow by +9% over what it did in 2020.
On the technical side, indicators suggest STG has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned STG a recommendation rating is 1. Out of them, no one rate it a Hold, while none recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Sunlands Technology Group (STG) as Underperform, while 1 advise Sell. Analysts have rated the stock Sell, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how Sunlands Technology Group stock has been performing in comparison to its peers in the industry, here are the numbers: STG stock’s performance was +0.91% in the latest trading, and -58.87% in the past year, while Alphabet Cl C (GOOG) has traded -1.14% on the day and positioned +21.35% higher than it was a year ago. Another comparable company Alphabet Cl A (GOOGL) saw its stock close -1.07% lower in the most recent trading session but was up +20.65% in a year. Furthermore, Facebook Inc (FB) showed an increase of 0.91% on the day while its price kept declining at -58.87% over the past year. Sunlands Technology Group has a P/E ratio of 0, compared to Alphabet Cl C’s 33.75 and Alphabet Cl A’s 33.57. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of Sunlands Technology Group (NYSE:STG) indicates that the 3-month average is 49Million. However, this figure has declined over the past 10 days to an average of 159.83 Million.
Currently, records show that 168.23 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.66% of outstanding shares, whereas institutions hold 12.56%. The stats also highlight that short interest as of December 14, 2020, stood at 2.57 Million shares, resulting in a short ratio of 0.04 at that time. From this, we can conclude that short interest is 0% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 54.68 Million. However, since the stock’s price has seen +1.83% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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