Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Stride Inc (NYSE: LRN) weakened during the last several trading days. LRN’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Stride Inc (NYSE: LRN) stock closed at $70.91 on 5/24/24 after a slight decline of -0.8%. However, unusually low trading volume at 59% of normal accompanied the decline. The stock has risen 0.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LRN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Stride has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Stride has a poor Appreciation Score of 30 but a very high Power Rating of 92, and the High Neutral Value Trend Rating results.
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