Grand Canyon Education closed about 1% down Tuesday, bucking the overall market, which fell hard for a second day in a row. Additionally, the Relative Strength Rating for Grand Canyon stock rose from 69 to 72 on Tuesday.
The upgraded 72 RS Rating means Grand Canyon stock tops more than 70% of all stocks for price performance over the past 52 weeks. Grand Canyon stock rose to an all-time high 144.94 on Dec. 27. It consolidated until early January and then began to rise toward that high again.
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Grand Canyon Stock Among Top 10% Overall
Among its other key ratings, Phoenix-based Grand Canyon stock has a strong 90 Composite Rating out of 99. Its EPS Rating is also 90.
Additionally, it boasts an A SMR Rating, on an A-to-E scale with A superb and E dismal. The SMR Rating is a combined rating for its sales, profit margins and return on equity. Finally, it has a B Accumulation/Distribution Rating, showing that university funds, ETFs and the like are fairly heavy buyers of its stock. That's buttressed by the increasing number of funds holding its stock. The number of funds rose from 679 in September to 735 in December.
Grand Canyon Education is working on a consolidation pattern with a 144.94 entry. See if it can break out in heavy trading. On Tuesday, Grand Canyon stock fell 0.99% to 135.
Revenue Growth Rate Rising
The educator's earnings grew 17% last quarter to $2.77 on an 8% increase in revenue to $278.3 million. It was the third quarter in a row of increasing revenue growth.
Grand Canyon Education earns the No. 8 rank among its peers in the Consumer Services-Education industry group. Afya, New Oriental Education and Stride are among the top 5 highly rated stocks in the group.
IBD's unique Relative Strength Rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Grand Canyon Education can continue to rebound and hit that benchmark.
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