ATGE Stock Summary and Trading Ideas (Adtalem Glb Education | NYSE:ATGE)

Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company runs eight colleges and universities that specialize in business, medicine, education, and nursing degree programs. DeVry Education Group has over 90 campuses as well as online courses that offer associate, bachelor, and postgraduate degrees. Enrollment in its business colleges represents almost half of overall student enrollment, followed by technology and healthcare. The company derives the majority of its revenue from student enrollment fees using federal financial aid programs such as Pell Fund grants.

Adtalem Glb Education trades on the NYSE stock market under the symbol ATGE.

As of April 26, 2024, ATGE stock price climbed to $49.68 with 354,354 million shares trading.

ATGE has a beta of 0.71, meaning it tends to be less sensitive to market movements. ATGE has a correlation of 0.05 to the broad based SPY ETF.

ATGE has a market cap of $1.95 billion. This is considered a Small Cap stock.

Last quarter Adtalem Glb Education reported $393 million in Revenue and $1.23 earnings per share. This beat revenue expectation by $20 million and exceeded earnings estimates by $.25.

In the last 3 years, ATGE stock traded as high as $62.99 and as low as $19.14.

The top ETF exchange traded funds that ATGE belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

ATGE has underperformed the market in the last year with a return of +21.6%, while the SPY ETF gained +27.4%. In the last 3 month period, ATGE fell short of the market, returning -17.7%, while SPY returned +4.6%. However, in the most recent 2 weeks ATGE has outperformed the stock market by returning +7.4%, while SPY returned -0.5%.

ATGE support price is $46.82 and resistance is $48.44 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATGE stock will trade within this expected range on the day.