As of Wednesday close, Coursera Inc.’s (NYSE:COUR) stock was up $0.17, moving up 1.00 percent to $17.17. The average number of shares traded per day over the past five days has been 1,443,540 shares. 4 times new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 1,406,725, while in the previous 50 days, it was 1,221,374.
Since last month, COUR stock rose 8.95%. Shares of the company fell to $14.66 on 08/01/23, the lowest level in the past month. A 52-week high of $17.07 was reached on 08/30/23 after having rallying from a 52-week low of $9.81. Since the beginning of this year, COUR’s stock price has risen by 45.14% or $5.34, and marked a new high 22 times. However, the stock has increased by 0.59% since its 52-week high.
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COUR stock investors should be aware that Coursera Inc. (COUR) stock had its last reported insider trading activity 3 days ago on Aug 28. Cardenas Alan B, the SVP, General Counsel of the company, disposed of 2,807 shares for $17.00 on Aug 28. It resulted in a $47,720 divestment by the insider. Cardenas Alan B sold 2,988 shares at an average price of $17.00 on Aug 25. The insider now owns 195,845 shares following the transaction. On Aug 24, SVP, Chief Financial Officer HAHN KENNETH R sold 20,000 shares at $16.57 apiece. The transaction was valued at $331,498.
Valuation Metrics
The stock’s beta is 1.76. Besides these, the trailing price-to-sales (P/S) ratio of 4.32, the price-to-book (PB) ratio of 4.12.
Financial Health
In the three months ended June 29, Coursera Inc.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 57.40% percent. In the year ended June 29, EBITDA margin amounted to -28.40%, whereas operating margins totaled -29.30%. Based on annual data, COUR earned $331.48 million in gross profit and brought in $523.76 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 -26.20%. Return on equity (ROE) for the past 12 months was -22.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. COUR’s revenue rose 18.84% to $147.64 million during the quarter, while net income inched up to $153.7 million. While analysts expected Coursera Inc. to report -$0.1 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$37.44 million in EBITDA. The liabilities of Coursera Inc. were 292.23 million at the end of its most recent quarter ended June 29, and its total debt was $10.31 million. The value of shareholders’ equity is $149.69 million.
Technical Picture
This quick technical analysis looks at Coursera Inc.’s (COUR) price momentum. With a historical volatility rate of 22.93%, the RSI 9-day stood at 72.52% on 30 August.
With respect to its five-day moving average, the current Coursera Inc. price is up by +2.51% percent or $0.42. At present, COUR shares trade +8.12% above its 20-day simple moving average and +53.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.37% above its SMA50 and +26.44% above its SMA200.
Stochastic coefficient K was 90.61% and Stochastic coefficient D was 88.63%, while ATR was 0.52. Given the Stochastic reading of 95.15% for the 14-day period, the RSI (14) reading has been calculated as 70.53%. As of today, the MACD Oscillator reading stands at 0.34, while the 14-day reading stands at 0.68.
Analyst Ratings
Cantor Fitzgerald upgraded its rating on Coursera Inc. (NYSE: COUR) to an Overweight in a note to investors on July 28, 2023. The analysts firm previously had a Neutral rating on the stock.Coursera Inc. (COUR) has been rated Overweight by analysts. According to 0 brokerage firms, COUR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Coursera Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $18.00, the current consensus forecast for the stock is $15.00 – $30.00. Based on these forecasts, analysts predict Coursera Inc. (COUR) will achieve an average price target of $18.75.
