LRN Stock Summary and Trading Ideas (Stride | NYSE:LRN)

Stride Inc is an American online educational company. The company offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.

Stride trades on the NYSE stock market under the symbol LRN.

As of April 16, 2024, LRN stock price climbed to $58.49 with 366,428 million shares trading.

LRN has a beta of 0.23, meaning it tends to be less sensitive to market movements. LRN has a correlation of 0.01 to the broad based SPY ETF.

LRN has a market cap of $2.54 billion. This is considered a Mid Cap stock.

Last quarter Stride reported $505 million in Revenue and $1.54 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.23.

In the last 3 years, LRN stock traded as high as $69.70 and as low as $25.55.

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

LRN has outperformed the market in the last year with a return of +52.7%, while the SPY ETF gained +24.2%. However, in the most recent history, LRN shares have underperformed the stock market with its stock returning -0.1% in the last 3 month period and -7.2% for the last 2 week period, while SPY has returned +6.4% and -3.2%, respectively.

LRN support price is $57.59 and resistance is $59.24 (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 LRN stock will trade within this expected range on the day.