After Reaching All-Time High, Is Arco Platform Limited (ARCE)’s Near-Term Analysis Positive?

The stock of Arco Platform Limited (NASDAQ:ARCE) reached all time high today, May, 8 and still has $40.45 target or 7.00 % above today’s $37.80 share price. This indicates more upside for the $1.90B company. This technical setup was reported by Barchart.com. If the $40.45 PT is reached, the company will be worth $133.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 20.65% or $6.47 during the last trading session, reaching $37.8. About 133,242 shares traded or 114.88% up from the average. Arco Platform Limited (NASDAQ:ARCE) has 0.00% since May 8, 2018 and is . It has underperformed by 4.37% the S&P500.

Analysts await Arco Platform Limited (NASDAQ:ARCE) to report earnings on May, 21 after the close. ARCE’s profit will be $6.03M for 78.75 P/E if the $0.12 EPS becomes a reality. After $0.23 actual earnings per share reported by Arco Platform Limited for the previous quarter, Wall Street now forecasts -47.83 % negative EPS growth.

More notable recent Arco Platform Limited (NASDAQ:ARCE) news were published by: Globenewswire.com which released: “Arco Platform Limited to Report Third Quarter 2018 Financial Results and Host First Quarterly Conference Call on November 27, 2018 – GlobeNewswire” on November 06, 2018, also Seekingalpha.com with their article: “Novartis And Conatus: A Strategic Anti-NASH Agenda – Seeking Alpha” published on September 10, 2018, Globenewswire.com published: “Bendable Concrete? – GlobeNewswire” on December 03, 2018. More interesting news about Arco Platform Limited (NASDAQ:ARCE) were released by: Seekingalpha.com and their article: “Akebia Therapeutics, Inc. (AKBA) CEO John Butler on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” published on March 18, 2019 as well as 247Wallst.com‘s news article titled: “IPO News This Week: 6 Firms to Test the Market – 24/7 Wall St.” with publication date: September 30, 2018.

Arco Platform Limited, a technology firm in the education sector, provides a pedagogical system with technology-enabled features to deliver educational content to private schools in Brazil. The company has market cap of $1.90 billion. The company's curriculum solutions provide educational content from basic to secondary education K-12 curriculum in printed and digital formats delivered through its platform. It has a 741.18 P/E ratio. As of March 31, 2018, it had a network consisted of 1,140 partner schools and 405,814 enrolled students.

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