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What happened
Shares of
Grand Canyon Education (NASDAQ:LOPE) were heading lower last month after the for-profit educator offered disappointing guidance in its first-quarter earnings report. According to data from S&P Global Market Intelligence, the stock finished May down 16%.
As you can see from the chart below, all of the losses came after the company reported earnings on May 5.
Stocks have modestly risen, propelled by economic reopening plays. Meanwhile, Q.ai s artificial intelligence has assessed each firm to find the best Top Buys.
Is Grand Canyon Education Inc. (LOPE) A Smart Long-Term Buy?
Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Value Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 15.42% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmark, Russell 2000® Value Index, that rose to 21.17% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Small Cap Value Fund, in its Q1 2021 investor letter, mentioned Grand Canyon Education, Inc. (NASDAQ: LOPE), and shared their insights on the company. Grand Canyon Education, Inc. is a Phoenix, Arizona-based educational service company that currently has an $4.3 billion market capitalization. LOPE delivered a -16.40% return in the past month, while its 12-month gains are down by -1.16%. As of May 11, 2021, the stock closed at $93.11 per share.
Should You Buy Grand Canyon Education Stock After 14% Decline Last Week? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.