Perdoceo Education Corporation (NASDAQ: PRDO) kicked off on November 20, 2023, at the price of $17.53, down -6.36% from the previous trading day. During the day, the shares moved up to $17.62 and dropped to $16.83 before settling in for the closing price of $18.09. Over the past 52 weeks, PRDO has traded in a range of $11.50-$19.62.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 3.22%. While this was happening, its average annual earnings per share was recorded 52.52%. With a float of $63.53 million, this company’s outstanding shares have now reached $67.18 million.
Considering the fact that the conglomerate employs 4500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +80.37, operating margin of +19.08, and the pretax margin is +19.31.
Perdoceo Education Corporation (PRDO) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Education & Training Services Industry. The insider ownership of Perdoceo Education Corporation is 3.29%, while institutional ownership is 94.41%. The most recent insider transaction that took place on Nov 15, was worth 194,810. In this transaction SVP, AIU of this company sold 11,000 shares at a rate of $17.71, taking the stock ownership to the 146,315 shares. Before that another transaction happened on Sep 13, when Company’s Principal Accounting Officer sold 13,400 for $16.80, making the entire transaction worth $225,138. This insider now owns 62,401 shares in total.
Perdoceo Education Corporation (PRDO) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.64 earnings per share (EPS), higher than consensus estimate (set at $0.49) by $0.15. This company achieved a net margin of +13.79 while generating a return on equity of 13.93. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.52% per share during the next fiscal year.
Perdoceo Education Corporation (NASDAQ: PRDO) Trading Performance Indicators
Take a look at Perdoceo Education Corporation’s (PRDO) current performance indicators. Last quarter, stock had a quick ratio of 4.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.51. Likewise, its price to free cash flow for the trailing twelve months is 8.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.15, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 1.90 in one year’s time.
Technical Analysis of Perdoceo Education Corporation (PRDO)
Compared to the last year’s volume of 0.4 million, its volume of 0.6 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 65.07%. Additionally, its Average True Range was 0.57.
During the past 100 days, Perdoceo Education Corporation’s (PRDO) raw stochastic average was set at 65.37%, which indicates a significant increase from 12.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.43% in the past 14 days, which was higher than the 36.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.43, while its 200-day Moving Average is $14.53. Nevertheless, the first resistance level for the watch stands at $17.43 in the near term. At $17.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.22. If the price goes on to break the first support level at $16.64, it is likely to go to the next support level at $16.34. Should the price break the second support level, the third support level stands at $15.85.
Perdoceo Education Corporation (NASDAQ: PRDO) Key Stats
The company with the Market Capitalisation of 1.11 billion has total of 65,688K Shares Outstanding. Its annual sales at the moment are 695,210 K in contrast with the sum of 95,870 K annual income. Company’s last quarter sales were recorded 179,920 K and last quarter income was 41,310 K.