As of Friday close, Perdoceo Education Corporation’s (NASDAQ:PRDO) stock was down -$0.09, moving down -0.56 percent to $16.01. The average number of shares traded per day over the past five days has been 400,020 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.67 fall in that time frame. In the last twenty days, the average volume was 353,420, while in the previous 50 days, it was 350,472.
Since last month, PRDO stock rose 23.63%. Shares of the company fell to $12.90 on 07/20/23, the lowest level in the past month. A 52-week high of $17.06 was reached on 08/11/23 after having rallying from a 52-week low of $9.97. Since the beginning of this year, PRDO’s stock price has risen by 15.18% or $2.11, and marked a new high 11 times. However, the stock has declined by -6.15% since its 52-week high.
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Sponsored
PRDO stock investors should be aware that Perdoceo Education Corporation (PRDO) stock had its last reported insider trading activity 2 days ago on Aug 17. NELSON TODD S, the Executive Chairman of the company, disposed of 16,000 shares for $16.13 on Aug 17. It resulted in a $258,080 divestment by the insider. NELSON TODD S sold 16,000 shares at an average price of $16.29 on Aug 16. The insider now owns 790,252 shares following the transaction. On Aug 15, Executive Chairman NELSON TODD S sold 16,000 shares at $16.42 apiece. The transaction was valued at $262,720.
Valuation Metrics
Right now, Perdoceo Education Corporation (PRDO) has a P/E ratio of about 8.64. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 1.36, and the price-to-cash flow ratio of 6.98 may also be considered.
Financial Health
In the three months ended June 29, Perdoceo Education Corporation’s quick ratio stood at 4.00, while its current ratio was 4.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 82.40% percent. In the year ended June 29, EBITDA margin amounted to 21.92%, whereas operating margins totaled 19.70%. Based on annual data, PRDO earned $578.49 million in gross profit and brought in $695.21 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 17.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PRDO’s revenue rose 10.12% to $195.6 million during the quarter, while net income inched up to $186.56 million. While analysts expected Perdoceo Education Corporation to report $0.52 quarterly earnings, the actual figure was $0.61 per share, beating the consensus estimate by 17.30%. During the quarter, the company generated $52.46 million in EBITDA. The liabilities of Perdoceo Education Corporation were 221.24 million at the end of its most recent quarter ended June 29, and its total debt was $30.05 million. The value of shareholders’ equity is $65.61 million.
Technical Picture
This quick technical analysis looks at Perdoceo Education Corporation’s (PRDO) price momentum. With a historical volatility rate of 12.33%, the RSI 9-day stood at 63.47% on 18 August.
With respect to its five-day moving average, the current Perdoceo Education Corporation price is down by -4.02% percent or -$0.67. At present, PRDO shares trade +22.96% above its 20-day simple moving average and +20.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +26.16% above its SMA50 and +40.07% above its SMA200.
Stochastic coefficient K was 74.03% and Stochastic coefficient D was 78.01%, while ATR was 0.52. Given the Stochastic reading of 72.00% for the 14-day period, the RSI (14) reading has been calculated as 68.03%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at 0.17.
Analyst Ratings
Perdoceo Education Corporation (PRDO) has been rated Buy by analysts. According to 0 brokerage firms, PRDO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Perdoceo Education Corporation stock as buy, with 1 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $21.00 – $21.00. Based on these forecasts, analysts predict Perdoceo Education Corporation (PRDO) will achieve an average price target of $21.00.
