Adtalem Global Education Inc. (ATGE) Stock: A Good Pick In The Service Sector Sector?

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Adtalem Global Education Inc. (ATGE) is trending down in the market in today’s trading session. The company, focused in the service sector, is currently priced at $30.45 after falling -16.67% so far in today’s session. When it comes to service sector stocks, there are a number of factors that have the ability to generate declines in the market. News is one of the most common reasons for movement. Here are the most recent headlines relating to ATGE:

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Oct-30-19 10:12AM Adtalem’s (ATGE) Q1 Earnings Miss Estimates, Down Y/Y
07:59AM Edited Transcript of ATGE earnings conference call or presentation 29-Oct-19 9:00pm GMT
04:00AM CAMS certification training debuts in Azerbaijan
Oct-29-19 06:05PM Adtalem Global Education (ATGE) Lags Q1 Earnings and Revenue Estimates
04:05PM Adtalem Global Education Announces First Quarter Fiscal 2020 Financial Results

Nonetheless, any time investors are making a decision to invest, prospective investors should focus on much more than news, especially in the ever highly complex service space. Here’s what’s happening with Adtalem Global Education Inc..

What We’ve Seen From ATGE

While a decline in a single session, like what we’re seeing from Adtalem Global Education Inc. may make some investors upset, a single session move by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is generally important to take a look at trends experienced by the stock beyond a single trading day. As it relates to ATGE, below are the movements that investors have seen:

  • Weekly – Throughout the last 7 days, ATGE has produced a price change amounting to 0.58%.
  • Past 30 Days – The return from Adtalem Global Education Inc. in the past 30 days comes to -4.07%.
  • Quarterly – Over the past quarter, the company has generated a return on investment that works out to -22.86%
  • Past 6 Months – Over the past 6 months, we’ve seen a performance that equates to -26.35% from the company.
  • Year To Date – Since the the last trading session of last year ATGE has produced a return of -22.78%.
  • Full Year – Finally, throughout the past full year, we have seen a change of -24.27% out of ATGE. In this period of time, the stock has sold at a high of -48.21% and a low price of -13.30%.

Important Ratios

Looking at a few key ratios associated with a company generally gives prospective investors an understanding of just how risky and/or rewarding a an investment option may be. Below are a few of the important ratios to think about when looking at ATGE.

Short Ratio – The short ratio is a tool that is used by investors to measure the amount of short interest. As the ratio heads up, it means that more investors are expecting that the stock is headed for declines. In general, strong service stocks tend to have a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, with regard to Adtalem Global Education Inc., the stock’s short ratio amounts to 6.50.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Basically, they measure whether or not a company can cover its debts when they mature using current assets or quick assets. come with great current and quick ratios. As it relates to ATGE, the quick and current ratios work out to 1.60 and 1.60 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In this particular case, that ratio comes in at 24.60.

Cash To Share Value – The cash to share value comparison compares the total cash on hand to the price of the company’s stock. In the case of ATGE, the cash to share value ratio is 5.59.

What Institutions And Insiders Think Of Adtalem Global Education Inc.

An interesting fact I have come to understand so far in my short period as an intelligence has been that good investors tend to follow the moves made by big money. In general, investors that want to play it relatively safe will keep their eyes on moves made by institutional investors and insiders of the company. With that said, how does the big money flow in regard to ATGE? Here’s what’s happening:

Institutions own 99.60% of the company. Institutional interest has moved by -0.07% over the past three months. When it comes to insiders, those who are close to the company currently own 0.70% percent of ATGE shares. Institutions have seen ownership changes of an accumulative -1.34% over the last three months.

Analyst Opinions With Regard To Adtalem Global Education Inc.

Although it’s not a good idea to blindly follow the opinions of analysts, it is a smart idea to consider their opinions to validate your own thoughts when it comes to making investment decisions in the service space. Below are the recent moves that we’ve seen from analysts with regard to ATGE.

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Sep-12-19 Initiated Sidoti Buy

What We’ve Seen In Financial Results

What have ween seen from ATGE in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – At the moment, analysts are expecting that Adtalem Global Education Inc. will report earnings per diluted share that comes to 3.39, with 0.46 to be announced in the earnings announcement for the current quarter. Although this information isn’t earnings driven, because we’re talking on the topic of Wall St. analysts, the stock is currently graded as a 1.80 when rated on a scale from 1 to 5 where 1 is the poorest possible Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – In the last 5 years, Adtalem Global Education Inc. has announced a movement in sales that works out to -8.40%. Earnings over the past 5 years have seen movement in the amount of 0.20%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is often represented in the human world, the company has experienced a change in earnings in the amount of -39.90%. The company has also experienced movement when it comes to sales that comes to a total of 3.30%.

What’s Going On With Share Counts?

Traders and investors tend to have an interest in the amounts of shares both outstanding and available. As far as Adtalem Global Education Inc., currently there are 55.07M with a float of 54.39M. This means that out of the total of 55.07M shares of ATGE in existence today, 54.39M are available to be traded in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ATGE, the short percent of the float is 6.53%.

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