Adtalem Global Education Inc (NYSE: ATGE)’s stock price has gone rise by 14.66 in comparison to its previous close of 52.40, however, the company has experienced a 20.93% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-03 that Adtalem’s (ATGE) third-quarter fiscal 2024 results reflect benefits from initiatives and cost synergies.
Is It Worth Investing in Adtalem Global Education Inc (NYSE: ATGE) Right Now?
The price-to-earnings ratio for Adtalem Global Education Inc (NYSE: ATGE) is above average at 22.56x. The 36-month beta value for ATGE is also noteworthy at 0.89. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ATGE is 36.69M, and at present, short sellers hold a 5.30% of that float. The average trading volume of ATGE on May 06, 2024 was 428.44K shares.
ATGE’s Market Performance
ATGE stock saw an increase of 20.93% in the past week, with a monthly gain of 18.45% and a quarterly increase of 24.16%. The volatility ratio for the week is 5.37%, and the volatility levels for the last 30 days are 3.15% for Adtalem Global Education Inc (ATGE). The simple moving average for the past 20 days is 25.24% for ATGE’s stock, with a 20.57% simple moving average for the past 200 days.
Analysts’ Opinion of ATGE
Many brokerage firms have already submitted their reports for ATGE stocks, with Robert W. Baird repeating the rating for ATGE by listing it as a “Outperform.” The predicted price for ATGE in the upcoming period, according to Robert W. Baird is $55 based on the research report published on October 27, 2023 of the previous year 2023.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see ATGE reach a price target of $44. The rating they have provided for ATGE stocks is “Outperform” according to the report published on July 07th, 2023.
BMO Capital Markets gave a rating of “Market Perform” to ATGE, setting the target price at $40 in the report published on August 23rd of the previous year.
ATGE Trading at 22.76% from the 50-Day Moving Average
After a stumble in the market that brought ATGE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.62% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 5.37%, as shares surge +18.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.16% upper at present.
During the last 5 trading sessions, ATGE rose by +20.93%, which changed the moving average for the period of 200-days by +45.72% in comparison to the 20-day moving average, which settled at $48.44. In addition, Adtalem Global Education Inc saw 1.92% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ATGE starting from Herrera Maurice, who sale 4,200 shares at the price of $60.00 back on Dec 08 ’23. After this action, Herrera Maurice now owns 24,519 shares of Adtalem Global Education Inc, valued at $252,000 using the latest closing price.
Simpson Blake, the SVP, Chief Comms Officer of Adtalem Global Education Inc, sale 550 shares at $59.23 during a trade that took place back on Dec 06 ’23, which means that Simpson Blake is holding 7,986 shares at $32,577 based on the most recent closing price.
Stock Fundamentals for ATGE
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.56 for the gross margin
The net margin for Adtalem Global Education Inc stands at 0.07. The total capital return value is set at 0.09. Equity return is now at value 7.82, with 3.96 for asset returns.
Based on Adtalem Global Education Inc (ATGE), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 3.59.
Currently, EBITDA for the company is 374.56 million with net debt to EBITDA at 1.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. The receivables turnover for the company is 10.92for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In summary, Adtalem Global Education Inc (ATGE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
