Watching the Indicators for Adtalem Global Education Inc. (:ATGE)

After a recent market scan, we have noted that Adtalem Global Education Inc. (:ATGE) shares have been trading near 52-week lows. Traders will be intently watching to see if the stock bounces back or continues to drift lower. Shares were recently seen at the 40.57 level, which is currently 0.55% away from the 52-week low price. Shifting gears, we can see that the stock’s current beta value is 0.91. A positive beta would suggest that the stock follows the market. A negative beta means that the stock inversely follows the market. A beta of 0 would indicate that the price is not correlated with the market.

In today’s financial world, hot stock tips are abundant. There is always someone trying to talk about the next big breakout stock. Investing in the stock market is inherently risky, but some stocks may be much riskier than others. It may be important to remember that everyone is quick to talk about their stock picks that were winners, but they may be very hesitant to disclose their losers. One way to sift through the sea of stock advice is to do the required research individually. When investing hard earned money, individuals may want to make sure that the tip makes sense to them and they are not just buying on the whisper. 

Focusing on Street analyst opinions, we can see that the current consensus target price on company shares is $53.75. Moving over to the consensus broker rating, we see the number is 2.00. This rating uses a scale where a 1 or a 2 would indicate a consensus Buy recommendation. A rating of 4 or 5 would indicate a consensus Sell recommendation. A rating of 3 would represent a Hold recommendation.

Checking in on the RSI or relative strength index for Adtalem Global Education Inc. (:ATGE), we have noted that the current 14-day level is 31.63. The RSI is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. RSI may be used to identify overbought or oversold conditions. An RSI reading above 70 would be considered overbought, and a value under 30 would indicate oversold conditions. A level of 50 would indicate neutral market momentum.

At current stock price levels, Adtalem Global Education Inc. (:ATGE) shares are trading -14.40% away from the 200-day moving average. Focusing on some other popular MA time-frames, we can see that the stock is trading -12.07% away from the 50-day MA and -10.31% away from the 20-day MA.

Over the last quarter, shares have performed -8.17%. For the last month, shares have performed -14.98%. Zooming in to the last week, company shares are -1.10%. Over the past full-year, Adtalem Global Education Inc. (:ATGE)’s stock has been -10.34%. Since the beginning of the calendar year, company shares have performed -14.26%. Investors will be waiting to see if shares see a turnaround in the next few weeks. As the stock nears 52-week lows, investors may be rapidly trying to figure out the next move.

There are plenty of different types of stocks that investors have to choose from. Some will opt to be more aggressive with their portfolios while others will choose to play it a bit safer. Blue chip stocks include companies that typically have a high market cap and have been profitable over a long period of time. Growth stocks are typically expected to have a high P/E ratio and a low dividend yield. The idea is that a growth stock will continue to expand and grow into the future. Many investors will be searching for value stocks. Value stocks are typically cyclical in nature and investors may be looking to buy and hold these types rather than try to squeeze out some short-term profits.

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