The stock of K12 Inc. (NYSE:LRN) is now priced at $36.55 and the shares are -1.15 points down or -3.05% lower compared to its previous closing price of $37.7. LRN shares have a float of 38.02 million and although its performance was -12.46% over the week, it’s one to watch. Analysts have given the LRN stock a yearly average price target of $30.67 per share. It means the stock’s downside potential is -16.09% with the LRN share price recently placing at $35.88 to $37.91. However, some brokerage firms have priced the stock below the average, including one that has called $34.
The shorts are running away from the K12 Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the LRN shares have declined. Short interest in the stock represents just 4.19% of its float, but the volume has dropped by 0.
In the last trading session, K12 Inc. (NYSE:LRN) dropped by -$5.2 over the week and lost -$9.24 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $52.84. The stock recorded its established 52-week high on 08/05/20.
Since 03/25/20, the stock has traded to a low of $15.06 at 142.7%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.37. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, K12 Inc.’s two-week RSI is 37.53. This suggests that the stock is neutral at the moment and that LRN shares’ price movement remains stable. The stochastic readings are equally revealing at 7.34% meaning the LRN share price is currently in overbought territory.
The technical chart shows that the LRN stock will likely settle at between $37.68 and $38.81 per share. However, if the stock dips below $35.65, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $34.75.
Currently, the stock is trading in the red of MACD, with a reading of -3.25. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Barrington Research though raised target price of LRN stock from $30 to $60 but maintained Outperform recommendation in their August 12 review. Sidoti analysts downgraded their recommendation of the stock from Buy to Neutral while keeping its target price at $34 in a flash note released to investors on July 09. William Blair analysts see the stock as Outperform when the analysts initiated the share price coverage on August 12.
The average rating for the LRN equity is 1.75 and is currently gathering a bullish momentum. Of 3 analysts tracking K12 Inc. polled by Reuters, 1 rated LRN as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the LRN stock price is 26.35X ahead of its 12-month Consensus earnings per share estimates.