SCHL Stock Summary and Trading Ideas (Scholastic | NASDAQ:SCHL)

Scholastic Corp is an American publishing and education media company that focuses on books and educational material for schools, teachers, parents, and children. The company is one of the world's largest publishers of children's books and also owns exclusive rights to various books, including Harry Potter and The Hunger Games. Some of the company's original titles include Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. It has three reportable segments Children's Book Publishing and Distribution, Education Solutions and International. It majority of its revenue is from the Children's Book Publishing and Distribution segment.

Scholastic trades on the NASDAQ stock market under the symbol SCHL.

As of April 24, 2024, SCHL stock price climbed to $36.73 with 128,010 million shares trading.

SCHL has a beta of 0.86, meaning it tends to be less sensitive to market movements. SCHL has a correlation of 0.09 to the broad based SPY ETF.

SCHL has a market cap of $1.04 billion. This is considered a Small Cap stock.

Last quarter Scholastic reported $324 million in Revenue and -$.80 earnings per share. This fell short of revenue expectation by $-6 million and met earnings estimates .

In the last 3 years, SCHL stock traded as high as $48.28 and as low as $28.22.

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

SCHL has underperformed the market in the last year with a return of +2.5%, while the SPY ETF gained +24.1%. In the last 3 month period, SCHL fell short of the market, returning -6.8%, while SPY returned +4.5%. However, in the most recent 2 weeks SCHL has outperformed the stock market by returning +2.7%, while SPY returned -1.7%.

SCHL support price is $35.94 and resistance is $37.14 (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 SCHL stock will trade within this expected range on the day.