Perdoceo Education Corporation (NASDAQ:PRDO) price on Friday, May 23, rose 0.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.03.
A look at the stock’s price movement, the close in the last trading session was $30.73. The PE ratio in trailing twelve months stood at 13.72. Turning to its 52-week performance, $32.03 and $20.23 were the 52-week high and 52-week low respectively. Overall, PRDO moved 25.27% over the past month.
Perdoceo Education Corporation’s market cap currently stands at around $2.03 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.50, with its dividend yield at 1.61%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 206.92M for the company’s revenue for the quarter, with a low and high estimate of 206.92M and 206.92M respectively. The average forecast suggests up to a 24.10% 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 832.34M, representing a 22.18% 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 PRDO is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PRDO’s current price about 4.23% and 14.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.72, while 7-day volatility ratio is 0.94% and 4.62% in the 30-day chart. Further, Perdoceo Education Corporation (PRDO) has a beta value of 0.78, and an average true range (ATR) of 0.90. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is 3.32% off current price level while to achieve the yearly target high, price needs to move 3.32%. Nonetheless, investors will most likely welcome a 3.32% jump to $30 which is the analysts’ median price.
If we refocus on Perdoceo Education Corporation (NASDAQ:PRDO), historical trading data shows that trading volumes averaged 625.88K over the past 3 months. The company’s latest data on shares outstanding shows there are 65.54 million shares.
The 8.66% of Perdoceo Education Corporation’s shares are in the hands of company insiders while institutional holders own 96.78% of the company’s shares. Current price change has pushed the stock 17.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRDO stock continues to rise going into the next quarter.
