On Monday, before the market open, Coursera got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Coursera is now well out of buy range after clearing the 14.11 entry in a cup with handle. It is over 30% past the buy point, so now we look for another opportunity for entry, ideally a new pattern with a new entry point.
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COUR Earnings
One weak spot is the company's 65 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 0% earnings-per-share gain for Q2. Sales were flat, matching the prior report's 23%.
Coursera holds the No. 1 rank among its peers in the Computer Software-Education industry group. Duolingo and Arco Platform Cl A are also among the group's highest-rated stocks.
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