Coursera Inc. (NYSE:COUR) shares, rose in value on Wednesday, 06/22/22, with the stock price down by -2.20% to the previous day’s close as strong demand from buyers drove the stock to $15.58.
Actively observing the price movement in the last trading, the stock closed the session at $15.93, falling within a range of $15.41 and $15.98. Referring to stock’s 52-week performance, its high was $44.86, and the low was $13.36. On the whole, COUR has fluctuated by 0.06% over the past month.
With the market capitalization of Coursera Inc. currently standing at about $2.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 01, 2022 – Aug 05, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to increase to -$0.06 for fiscal year -$0.44 and then to about -$0.35 by fiscal year 2023. Data indicates that the EPS growth is expected to be 4.30% in 2023, while the next year’s EPS growth is forecast to be 20.50%.
Analysts have estimated the company’s revenue for the quarter at $130.57 million, with a low estimate of $129.61 million and a high estimate of $132.56 million. According to the average forecast, sales growth in current quarter could jump up 27.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $542.98 million, representing an increase of 30.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that COUR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of COUR currently trading nearly -3.74% and -12.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.15, while the 7-day volatility ratio is showing 5.95% which for the 30-day chart, stands at 5.50%. Furthermore, Coursera Inc. (COUR)’s average true range (ATR) is 1.00. The company’s stock has been forecasted to trade at an average price of $32.36 over the course of the next 52 weeks, with a low of $23.00 and a high of $45.00. Based on these price targets, the low is -47.63% off current price, whereas the price has to move -188.83% to reach the yearly target high. Additionally, analysts’ median price of $31.50 is likely to be welcomed by investors because it represents a decrease of -102.18% from the current levels.
A comparison of Coursera Inc. (COUR) with its peers suggests the former has fared considerably weaker in the market. COUR showed an intraday change of -2.20% in last session, and over the past year, it shrunk by -63.28%%. In comparison, Microsoft Corporation (MSFT) has moved lower at -0.24% on the day and was down -4.66% over the past 12 months. Additionally, there is a gain of 0.22% for Chegg Inc. (CHGG) in last trading while the stock has seen an overall depriciation of -77.20%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.13%. Meanwhile, the Dow Jones Industrial Slipped by -0.15%.
Data on historical trading for Coursera Inc. (NYSE:COUR) indicates that the trading volumes over the past 10 days have averaged 1.13 million and over the past 3 months, they’ve averaged 1.03 million. According to company’s latest data on outstanding shares, there are 143.03 million shares outstanding.
Nearly 7.60% of Coursera Inc.’s shares belong to company insiders and institutional investors own 76.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.24 million shares as on May 30, 2022, resulting in a short ratio of 3.79. According to the data, the short interest in Coursera Inc. (COUR) stood at 2.95% of shares outstanding as of May 30, 2022; the number of short shares registered in Apr 28, 2022 reached 4.34 million. The stock has fallen by -36.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COUR stock heading into the next quarter.