Scholastic Corp (NASDAQ: SCHL) is -6.75% lower on its value in year-to-date trading and has touched a low of $19.14 and a high of $40.74 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SCHL stock was last observed hovering at around $20.77 in the last trading session, with the day’s loss setting it -0.88%.
Currently trading at $19.89, the stock is -12.52% and -18.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.43 million and changing -4.24% at the moment leaves the stock -35.61% off its SMA200. SCHL registered -47.27% loss for a year compared to 6-month loss of -43.33%. The firm has a 50-day simple moving average (SMA 50) of $24.5288 and a 200-day simple moving average (SMA200) of $30.888.
The stock witnessed a -25.14% gain in the last 1 month and extending the period to 3 months gives it a -25.08%, and is -6.75% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.03% over the week and 4.87% over the month.
Scholastic Corp (SCHL) has around 6660 employees, a market worth around $558.93M and $1.58B in sales. Fwd P/E is 8.29. Profit margin for the company is -0.27%. Distance from 52-week low is 3.92% and -51.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.32%).
with sales reaching $347.68M over the same period.The EPS is expected to shrink by -26.32% this year, but quarterly earnings will post 3.86% year-over-year. Quarterly sales are estimated to grow 7.41% in year-over-year returns.
264.0 institutions hold shares in Scholastic Corp (SCHL), with institutional investors hold 106.78% of the company’s shares. The shares outstanding are 27.27M, and float is at 22.52M with Short Float at 3.05%. Institutions hold 83.47% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.91 million shares valued at $138.65 million. The investor’s holdings represent 13.4326 of the SCHL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.62 million shares valued at $92.78 million to account for 8.9892 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 2.31 million shares representing 7.9416 and valued at over $81.97 million, while NEUBERGER BERMAN GROUP LLC holds 4.3091 of the shares totaling 1.25 million with a market value of $44.48 million.
Scholastic Corp (SCHL) Insider Activity
The most recent transaction is an insider purchase by Lucchese Iole, the company’s EVP & CHIEF STRATEGY OFFICER. SEC filings show that Lucchese Iole bought 1,654 shares of the company’s common stock on Jul 23 ’24 at a price of $30.49 per share for a total of $50430.0. Following the purchase, the insider now owns 74264.0 shares.
Scholastic Corp disclosed in a document filed with the SEC on Jul 23 ’24 that Peter Warwick (PRESIDENT & CEO) bought a total of 1,674 shares of the company’s common stock. The trade occurred on Jul 23 ’24 and was made at $30.46 per share for $50997.0. Following the transaction, the insider now directly holds 0.1 million shares of the SCHL stock.
Still, SEC filings show that on Apr 18 ’24, Lucchese Iole (EVP & CHIEF STRATEGY OFFICER) disposed off 400,000 shares at an average price of $33.51 for $13.4 million. The insider now directly holds 579,247 shares of Scholastic Corp (SCHL).
