Coursera Inc (NYSE:COUR) shares, rose in value, with the stock price up by 1.39% to the previous day’s close as strong demand from buyers drove the stock to $13.84.
Actively observing the price movement in the last trading, the stock closed the session at $13.65. The value of beta (5-year monthly) was 1.52. Referring to stock’s 52-week performance, its high was $21.26, and the low was $9.91. On the whole, COUR has fluctuated by -7.73% over the past month.
With the market capitalization of Coursera Inc currently standing at about $2.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0, which is expected to increase to $0.05 for fiscal year $0.17 and then to about $0.29 by fiscal year 2025. Data indicates that the EPS growth is expected to be 1,600.00% in 2025, while the next year’s EPS growth is forecast to be 70.60%.
Analysts have estimated the company’s revenue for the quarter at $170.43 million, with a low estimate of $167.6 million and a high estimate of $172.84 million. According to the average forecast, sales growth in current quarter could jump up 15.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $736.45 million, representing an increase of 15.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that COUR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of COUR currently trading nearly -3.00% and -14.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.84, while the 7-day volatility ratio is showing 2.73% which for the 30-day chart, stands at 2.67%. Furthermore, Coursera Inc (COUR)’s beta value is 1.47, and its average true range (ATR) is 0.42.
A comparison of Coursera Inc (COUR) with its peers suggests the former has fared considerably weaker in the market. COUR showed an intraday change of 1.39% in last session, and over the past year, it grew by 19.10%%.
Data on historical trading for Coursera Inc (NYSE:COUR) indicates that the trading volumes over the past 10 days have averaged 1.49 million and over the past 3 months, they’ve averaged 1.62 million. According to company’s latest data on outstanding shares, there are 155.32 million shares outstanding.
Nearly 25.15% of Coursera Inc’s shares belong to company insiders and institutional investors own 69.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.38 million shares as on Mar 15, 2024, resulting in a short ratio of 4.58. According to the data, the short interest in Coursera Inc (COUR) stood at 4.06% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.03 million. The stock has fallen by -28.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the COUR stock heading into the next quarter.
