LOPE Stock Summary and Trading Ideas (Grand Canyon Education | NASDAQ:LOPE)

Grand Canyon Education, Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's most significant university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across nine colleges both online, on ground at its campus in Phoenix, Arizona and at four off-site classroom and laboratory sites. The Company generates all of its revenue through services agreements with its university partners.

Grand Canyon Education trades on the NASDAQ stock market under the symbol LOPE.

As of April 24, 2024, LOPE stock price climbed to $128.88 with 167,579 million shares trading.

LOPE has a beta of 0.95, meaning it tends to be less sensitive to market movements. LOPE has a correlation of 0.19 to the broad based SPY ETF.

LOPE has a market cap of $3.87 billion. This is considered a Mid Cap stock.

Last quarter Grand Canyon Education reported $278 million in Revenue and $2.77 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.05.

In the last 3 years, LOPE stock traded as high as $144.94 and as low as $70.00.

The top ETF exchange traded funds that LOPE belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

LOPE has underperformed the market in the last year with a price return of +10.8% while the SPY ETF gained +24.1%. LOPE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and -2.6%, respectively, while the SPY returned +4.5% and -1.7%, respectively.

LOPE support price is $127.02 and resistance is $130.38 (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 LOPE stock will trade within this expected range on the day.