When K12 (NYSE: LRN) reported earnings 15 days ago on October 7, 2011, analysts, on average, the company expected to report loss of $ 0.01 sales amounting to $ 122.5 million. The company actually reported loss of $ 0.01 per share on sales of $ 128.3 million, missing EPS estimates by $ 0.00 and beat the forecast of revenues with $ 5.8 million. Since the report of the company, the shares of the K12 has increased from $ 27.20 to $ 32.50, representing a profit of 19.5% in the past 15 days.
Over the past year, K12 has traded in the range of $ 23.26 to $ 39.74 and is now at $ 32.50, 40 percent above that low. In the last five trading sessions, an average of 50-day moving averages (MA) were up 1.9% while the 200-day MA has increased by 0.2%.
K12 (NYSE: LRN) has the potential upside down 18.5% based on the current price of $ 32.50 and consensus analyst price target of $ 38.50. K12 shares have support on the 200-day moving average (MA) from $ 31.64 and additional support at the 50 day MA of $ 27.46.
K12 Inc. is a technology-based education. The company offers proprietary curriculum, educational software and services that are created for online delivery to students in kindergarten through 12th grade, or K-12.
A week ago on October 14, 2011 New Oriental education