In yesterday’s Wall Street session, Stride Inc (NYSE:LRN) shares traded at $70.91, down -0.76% from the previous session.
LRN stock price is now 9.58% away from the 50-day moving average and 26.06% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
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With the price target maintained at $46, Morgan Stanley recently Downgraded its rating from Overweight to Equal-Weight for Stride Inc (NYSE: LRN). On August 25, 2022, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $45, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, COHEN ROBERT, Director sold 4,362 shares of the company’s stock on Dec 11 ’23. The stock was sold for $264,163 at an average price of $60.56. Upon completion of the transaction, the Director now directly owns 9,495 shares in the company, valued at $0.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’23, Director McFadden Eliza sold 11,977 shares of the business’s stock. A total of $691,073 was realized by selling the stock at an average price of $57.70. A total of 5.22% of the company’s stock is owned by insiders.
During the past 12 months, Stride Inc has had a low of $35.61 and a high of $73.32. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 4.29, and a quick ratio of 4.21. According to the stock market information, the enterprise value for the company is $3093558528, which is based on a 16.65 price-to-earnings ratio, a 0.83 price-to-earnings-growth ratio, and a beta of 0.28. The fifty day moving average price for LRN is $64.904 and a two-hundred day moving average price translates $56.4077 for the stock.
The latest earnings results from Stride Inc (NYSE: LRN) was released for 2021-06-30. The net profit margin was 9.29% and return on equity was 18.45% for LRN. The company reported revenue of $520.84 million for the quarter, compared to $470.28 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.75 percent.
