Adtalem Global Education Inc (NYSE:ATGE) price on Friday, March 21, rose 0.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $98.81.
A look at the stock’s price movement, the close in the last trading session was $98.74, moving within a range at $96.27 and $100.155. The beta value (5-Year monthly) was 0.955 while the PE ratio in trailing twelve months stood at 18.42. Turning to its 52-week performance, $112.43 and $45.18 were the 52-week high and 52-week low respectively. Overall, ATGE moved -6.14% over the past month.
Adtalem Global Education Inc’s market cap currently stands at around $3.68 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-29.
Analysts have a consensus estimate of 447.19M for the company’s revenue for the quarter, with a low and high estimate of 444M and 448.9M respectively. The average forecast suggests up to a 8.37% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.75B, representing a 10.58% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ATGE is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ATGE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ATGE’s current price about 1.71% and -1.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.38, while 7-day volatility ratio is 3.18% and 4.52% in the 30-day chart. Further, Adtalem Global Education Inc (ATGE) has a beta value of 0.93, and an average true range (ATR) of 3.87. Analysts have given the company’s stock an average 52-week price target of $92.5, forecast between a low of $90 and high of $95. Looking at the price targets, the low is 8.92% off current price level while to achieve the yearly target high, price needs to move 3.86%. Nonetheless, investors will most likely welcome a 6.39% jump to $92.5 which is the analysts’ median price.
If we refocus on Adtalem Global Education Inc (NYSE:ATGE), historical trading data shows that trading volumes averaged 0.51 over the past 10 days and 414.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 37.29 million shares.
The 2.40% of Adtalem Global Education Inc’s shares are in the hands of company insiders while institutional holders own 95.97% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.87 million on 2025-02-28, giving us a short ratio of 1.82. The data shows that as of 2025-02-28 short interest in Adtalem Global Education Inc (ATGE) stood at 332.0 of shares outstanding, with shares short falling to 0.89 million registered in 2025-01-31. Current price change has pushed the stock 8.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ATGE stock continues to rise going into the next quarter.
