PRDO Stock Summary and Trading Ideas (Perdoceo Education | NASDAQ:PRDO)

Perdoceo Education Corp is an American for-profit education company that focuses on quality postsecondary education online to a diverse student population, along with campus-based and blended learning programs. The company's important segment include the American InterContinental University, and Colorado Technical University. These universities provide undergraduate, graduate, and doctoral degree programs focusing on business, technology, management, and social services with majority of the students enrolled in programs offered fully online. The majority of the company's revenue comes from the Colorado Technical University segment.

Perdoceo Education trades on the NASDAQ stock market under the symbol PRDO.

As of April 23, 2024, PRDO stock price climbed to $17.84 with 456,308 million shares trading.

PRDO has a beta of -0.08, meaning it tends to be less sensitive to market movements. PRDO has a correlation of 0.00 to the broad based SPY ETF.

PRDO has a market cap of $1.17 billion. This is considered a Small Cap stock.

Last quarter Perdoceo Education reported $148 million in Revenue and $.27 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.04.

In the last 3 years, PRDO stock traded as high as $19.62 and as low as $9.65.

The top ETF exchange traded funds that PRDO belongs to (by Net Assets): IJR, SDVY, CALF, VTI, IWM.

PRDO has outperformed the market in the last year with a price return of +35.4% while the SPY ETF gained +24.3%. However, in the short term, PRDO had mixed performance relative to the market. It has underperformed in the last 3 months, returning -2.2% vs +4.6% return in SPY. But in the last 2 weeks, PRDO shares have fared better than the market returning +0.3% compared to SPY -2.6%.

PRDO support price is $17.25 and resistance is $17.75 (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 PRDO stock will trade within this expected range on the day.