#7 - Stride (NYSE:LRN)
Stride Inc. (NYSE: LRN) provides online learning tools primarily for K-12 students. With students back in the classroom, you might expect the company's revenue and earnings to be falling. But that's not the case. Over the last year, Stride has continued to beat on the top and bottom lines.
And as the company continues to grow, its profit margins are also expanding. One example of that growth came between the third and fourth quarters of 2023. The company's net profit margin grew by over 1,200% during that time.
However, after charging 51% higher in the last 12 months, LRN stock is down 2.8% this year. But even with a small downturn, the stock has moved into oversold territory with an RSI of 29.
However, analysts give the stock a Strong Buy rating with a consensus price target of $71.75, giving investors a 24% upside.
About Stride
Stride, Inc, a technology-based education service company, engages in the provision of proprietary and third-party online curriculum, software systems, and educational services in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, support, and facilitate individualized learning for students.
Read More - Current Price
- $80.17
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 5 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $85.83 (7.1% Upside)
Many buy-and-hold investors don't think much about whether a particular stock is oversold. The whole idea of taking a long position is so that you're not fixated on a stock's daily or weekly movement. However, even if you have a long position in a stock, paying attention to its momentum based on tools like the RSI can help you strategically and profitably add to your position.
It's also important to note that the RSI gives you an idea about a stock's momentum. Even many traders will say that momentum is one of several indicators they consider. If you're considering taking a long position, you'll want to understand why the stock is moving in that direction and if there's a long-term upside to owning the stock.
MarketBeat has a tool to help you find oversold stocks based on the Relative Strength Indicator (RSI). You can find it under Technical Indicators inside the Stock Tips menu.
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