Grand Canyon Education is giving the market a lesson on how to be very successful at recruiting students. It recently topped 121,000 students enrolled at its Phoenix campus and online. Its stock price is keeping pace. On Monday, the Relative Strength (RS) Rating, for Grand Canyon stock stepped up from 67 to 72.
The upgraded 72 Relative Strength Rating means Grand Canyon stock outperformed more than 70% of stocks over the past 52 weeks.
Regarding fundamentals, Grand Canyon's earnings have grown at a steady pace over the past four quarters, from 17% to 19%, 24% and a 17% rise last quarter to $2.77 per share. Revenue growth accelerated every quarter during that period, from 2% to 5%, 6% and 8% last quarter to $278.3 million.
Grand Canyon Stock Among Top 10% For Earnings Growth
Among its other key ratings Grand Canyon boasts a strong 90 Earnings Per Share Rating, putting it among the top 10% of companies for recent and long-term earnings growth. Its 89 Composite Rating is nearly as good. And it boasts an A SMR Rating (sales + profit margins + return on equity) on an A-to-E scale with A a terrific rating and E terrible.
Finally, it has a B+ Accumulation/Distribution Rating on an A+ to E scale, showing that institutional investors like insurance funds and ETFs are fairly heavy buyers of Grand Canyon stock. Its good ratings make Grand Canyon stock one to watch.
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Grand Canyon Education is a Christian university system. On its website the company says "This university created a model to help make higher education affordable to all socioeconomic classes. As part of our commitment to providing affordable education, GCU has not increased campus tuition in 14 years."
Grand Canyon stock is consolidating and has a possible entry at 144.94. See if the stock can break out in heavy trading.
75% Rise In Stock Price In Less Than 18 Months
Grand Canyon stock dipped to a 78.37 low on Oct. 11, 2022 and turned up. It traded at 136.72 Monday afternoon, up fractionally for the day and about 75% higher from its 2022 low.
Grand Canyon stock holds the No. 6 rank among its peers in the Consumer Services-Education industry group. Smaller peer Stride, China's Four Seasons Education and Brazil-based medical and other health-related courses provider Afya are among the top 5 highly rated stocks in the 40-stock group.
The exclusive Relative Strength Rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
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