The upward trend could come to support K12 in the coming sessions.
The group is still undervalued and the “enterprise value to sales” ratio shows an attractive valuation of 0.98x for the current year. Moreover, growth potential in term of revenue shows an important development of the company expected in the future.
Following a bullish wave, the stock now shows a slight decline that should lead towards its USD 30.43 medium-term support. On this level, remobilization of buyer flows would allow an uptrend in the medium and long term with the help of 2 elements : a mid-term support and a 100-day moving average.
A decline seems possible on the USD 30.43 area. It could be a basis for a purchase to target USD 34 at first. A stop loss will be fixed below the entry point to limit the risk.
Stride, Inc. is an education services company providing virtual and blended learning. It provides tech-enabled education solutions, curriculums, and programs directly to students, schools, the military, and enterprises in primary, secondary and postsecondary settings. It offers K-12 education for students, schools, and districts, including career learning services through middle and high school curriculums. For adult learners, it delivers professional skills training in healthcare and technology, as well as staffing and talent development. Its technology-based products and services enable its clients to attract, enroll, educate, track progress and support students. Its solutions address two markets: General Education and Career Learning. For both the General Education and Career Learning markets, it offers school-as-a-service offering, which includes an integrated package of curriculum, technology systems, instruction, and support services that it administer on behalf of its customers.