Zacks Investment ResearchT3·18d ago
STRA Strategic Education, Inc. Common Stock
XNAS
81.19
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
STRA
$81.19
—
Key stats
$81.19
Pre-market
$81.19
+0.00%
- 52-Week Range
- $69.70 – $89.73
- YTD
- +3.32%
- IV Rank (30D)
- 79.58
- Straddle Price
- $8.45
- P/C Vol Ratio
- 2.50
- Market Cap
- $1.8B
- Open
- $81.66
- Day Range
- $80.14 – $82.12
- Volume
- 217,323
- Prev Close
- $81.74
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 0.87 |
| Cost of Equity (CAPM) | 9.30% (VRP-adj) |
| WACC | 9.45% |
| Volatility Risk Premium | +35.9pp (IV − HV30) |
| Effective Tax Rate | 26.9% |
| Rev. Growth (YoY, DCF input) | +5.4% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.05 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.2B |
| Return on Equity (TTM) | 8.2% |
| Book / Price | 88.9% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 100.0% |
| FCF Margin (TTM) | 13.1% |
| Debt / Equity | 0.00 |
| Quality Score | 3/6 — normal (10y DCF) |
| Market-Implied Growth | -3.9% (reverse-DCF on current price) |
| SMA 50 | $81.18 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $80.56 |
| Bollinger Width / SMA20 | 10.3% (drives anchor stability) |
| Net Debt | $-0.1B |
| Market Cap | $2B |
Peers used for multiples: CVSA, KMX, LAUR, LTH, TDW
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
51%
20-Day Fair Value
≈ by Nov 25, 2026
$80.84
α -0.4%
rank 73%
conviction
27%
40-Day Fair Value
≈ by Dec 24, 2026
$80.71
α -0.6%
rank 73%
conviction
20%
60-Day Fair Value
≈ by Jan 22, 2027
$79.95
α -1.5%
rank 73%
conviction
51%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $135.71 | 18% | |
| DDM (Gordon) | $58.65 | 14% | |
| Peer P/E | $112.01 | 5% | median 17.7× · 5 peers |
| Peer EV/EBITDA | $133.82 | 5% | median 11.1× · 5 peers |
| Peer P/B | $221.62 | 5% | median 3.1× · 5 peers |
| Peer P/S | $176.17 | 5% | median 2.9× · 5 peers |
| Market Anchor (SMA50) | $81.18 | 35% | stability 98% (BB-width) |
| Options Expected (B-L 30d) | $81.71 | 11% | 12 strikes · skew -0.13 |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- SERVICES-EDUCATIONAL SERVICES (8200) · industry map
- Exchange
- XNAS
- Market Cap
- $1.8B
- Employees
- 6,134
- List Date
- 1996-07-25
- CIK
- 0001013934
- Next Earnings
- 2026-11-05 (Pre-Market)
- EPS Forecast
- $1.92 (2 est.)
- Headquarters
- Herndon, VA
- Homepage
- https://www.strategiceducation.com
Strategic Education Inc. is an education services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. The company operates through wholly-owned subsidiaries Strayer University and Capella University, both accredited post-secondary institutions of higher education located in the United States, as well as Torrens University, an accredited post-secondary institution of higher education located in Australia. It provide employees with access to affo…
Summary
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composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -3.78% | 1.76% | 17.66% | 2.01% | 6.36% | 8.20% | 5.37% |
| Feb | 0.69% | -2.09% | -9.46% | 15.20% | -17.89% | -4.28% | -2.97% |
| Mar | 6.27% | 12.70% | 7.88% | -4.17% | 3.39% | -1.75% | 4.05% |
| Apr | -19.19% | -4.73% | -1.96% | 10.54% | -3.82% | -5.76% | -4.15% |
| May | -7.95% | -1.60% | -12.39% | -1.16% | 12.23% | -1.90% | -2.13% |
| Jun | 3.60% | 8.33% | -13.13% | -3.40% | -7.73% | -3.49% | -2.64% |
| Jul | 2.76% | 3.04% | 10.93% | -3.12% | -13.88% | 2.91% | 0.44% |
| Aug | -0.86% | -10.35% | 3.33% | -0.37% | 8.64% | -1.03% | -0.11% |
| Sep | -9.43% | -2.49% | -4.59% | -4.32% | 4.07% | -6.78% | -3.92% |
| Oct | -5.20% | 11.54% | 9.05% | -4.47% | -11.39% | 3.05%* | 0.43% |
| Nov | -25.15% | 19.00% | 7.39% | 14.06% | 4.53% | -- | 3.97% |
| Dec | 9.44% | -2.74% | 2.80% | -5.97% | 2.49% | -- | 1.20% |
| Total | -43.15% | 32.60% | 12.90% | 12.46% | -16.87% | -11.17% | -2.21% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $80.56
SMA 50: $81.18
SMA 200: $80.55
Current: $81.19
EMA 12: $81.05
EMA 26: $80.80
MACD: 0.2511 | Signal: 0.0852
BULLISH
ADX (14): 10.71
RANGE
+DI: 23.17
−DI: 24.65
Momentum Oscillators
RSI (14): 51.70
NEUTRAL
Stoch %K: 56.01
Stoch %D: 47.04
Williams %R: -50.54
Volume & Volatility
BB Upper: $83.91
BB Lower: $77.21
NEUTRAL
OBV: 5,278,343
Vol SMA 20: 265,283
Vol ROC: 17.14%
ATR: $2.11
True Range: $1.98
HV 20: 19.8%
HV 30: 25.2%
HV 60: 24.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-28T00:00:00 – 2026-10-26T00:00:00
AI Analysis
STRA Stock Analysis Report
Executive Summary
Assessment: NEUTRAL with Confidence Level: 6/10
Strategic Education Inc. (STRA) presents a mixed technical and sentiment picture with conflicting signals that warrant caution. While recent news sentiment is decidedly positive (four bullish articles in the past two weeks, including an upgrade to Buy on 2026-10-06), technical momentum indicators are deteriorating, and options market positioning suggests institutional skepticism. The stock's extremely low beta (0.02) and minimal market correlation (0.01) indicate STRA operates largely independently of broader market forces, which limits conventional hedging benefits but also reduces systematic risk exposure.
Key Drivers:
- Positive analyst sentiment and recent upgrade providing fundamental tailwind
- Neutral technical trend in a consolidation range
- Deteriorating momentum despite price strength near moving averages
Primary Risks:
- Bearish MACD histogram (-0.26) with signal line crossover potential
- Options market positioning heavily skewed toward puts (1.75x volume ratio, 1.82x OI ratio)
- Insider selling activity (General Counsel sold 2,982 shares on 2026-03-26)
- Stochastic indicators in overbought territory (78.97 %K, 84.02 %D)
Investment Thesis: STRA is a consolidating education stock benefiting from recent analyst upgrades and positive value assessments, but technical momentum is rolling over despite headlines. The substantial put/call imbalance and elevated stochastic readings suggest the market is pricing in mean reversion or consolidation rather than continued upside, creating a risk/reward setup that favors waiting for either a clear breakout confirmation or pullback entry.
Technical Analysis
Trend Direction
Short-term (1-4 weeks): RANGE/NEUTRAL
- Price at $80.97 sits between SMA 20 ($79.37) and SMA 50 ($81.32), indicating choppy consolidation
- ADX (14) reads 15.71—well below the 25 threshold for a trending market, confirming a range-bound regime
- The +DI (21.32) exceeds -DI (26.69), suggesting mild upside bias, but neither is dominant
- Stochastic readings at 78.97/%K and 84.02/%D indicate overbought conditions within the range
Medium-term (1-3 months): UPTREND WEAKENING
- Price is holding above the SMA 50 ($81.32) and SMA 200 ($80.58), both aligned in bullish stack
- However, MACD is bearish: the histogram is negative (-0.26) with the 12-EMA (80.66) below the 26-EMA (80.46), signaling momentum is deteriorating
- The recent positive news spike appears to have stalled momentum rather than sustained it
Long-term (3-12 months): NEUTRAL UPTREND
- Price remains above all key moving averages with SMA 200 at $80.58, suggesting longer-term upside bias is intact
- However, the lack of ADX strength and negative MACD signal suggest this uptrend is vulnerable to reversal if support breaks
Support/Resistance Levels
| Level | Type | Notes | |-------|------|-------| | $83.43 | Resistance | Upper Bollinger Band; breakout above would signal momentum acceleration | | $81.32 | Resistance | SMA 50; current price testing this level as near-term ceiling | | $80.97 | Current | Trading near middle of range | | $80.58 | Support | SMA 200; primary long-term support and psychological level | | $79.37 | Support | SMA 20; near-term floor, aligns with Bollinger Band middle | | $75.31 | Support | Lower Bollinger Band; meaningful support only if broad weakness develops |
Critical Observation: Price is trapped within a $4.12 range (upper Bollinger at $83.43 minus lower at $75.31), width of 10.22 represents compression relative to historical volatility (HV60 31.9%). This suggests a breakout is potentially imminent once catalysts (earnings on 2026-11-05) arrive.
Momentum Signals
RSI (14): 52.09 — NEUTRAL
- Not overbought (would need >70) nor oversold (<30)
- Sits directly in the neutral zone (30-70), indicating no extreme conviction
- Suggests balanced buying and selling pressure with no clear directional bias
Stochastic Oscillators: OVERBOUGHT DIVERGENCE
- %K at 78.97 and %D at 84.02 are both well above 70, indicating overbought conditions
- This diverges from the neutral RSI, suggesting short-term exhaustion despite the moderate RSI reading
- Risk Signal: Stochastic overbought readings often precede near-term pullbacks; this is a potential mean-reversion setup
MACD: BEARISH MOMENTUM DETERIORATION
- MACD line (0.21) is below signal line (0.47), creating a bearish histogram (-0.26)
- The 12-EMA (80.66) crossed below the 26-EMA (80.46), confirming momentum loss
- This is particularly concerning given positive news—suggests market is not endorsing the upgrade enthusiasm with follow-through buying
Williams %R: -28.52 — NEUTRAL TO BULLISH
- Readings between 0 and -50 indicate balanced momentum within the range
- Not as overbought as stochastic readings suggest, adding to the signal divergence
Volume Analysis
Volume Metrics:
- Current volume relative to 20-day SMA: 47.12% increase (positive rate of change)
- Volume SMA 20: 328,056 shares—baseline for institutional participation
- On-Balance Volume: 5,663,838.56—a substantial accumulated volume profile
Interpretation:
- 47.12% volume surge indicates recent trading has attracted above-average participation, consistent with the recent upgrade announcement (2026-10-06)
- OBV at 5.66M suggests institutional traders have been accumulating, but the lack of follow-through price action (price still in range) questions conviction
- Caution: High volume into a range-bound price suggests profit-taking, not continuation
Institutional Interest Signal: The elevated volume rate of change combined with put/call ratio imbalance suggests mixed institutional positioning—some buyers (reflected in OBV) alongside defensive put buyers.
News & Sentiment Analysis
Recent Headlines Summary
| Date | Source | Theme | Sentiment | |------|--------|-------|-----------| | 2026-10-08 | Zacks | Sector overview—education costs/demand navigation | POSITIVE | | 2026-10-06 | Zacks | Analyst upgrade to Buy | POSITIVE | | 2026-09-29 | Zacks | Value stock comparison (STRA vs LAUR) | POSITIVE | | 2026-09-29 | Zacks | Value investor thesis for STRA | POSITIVE | | 2026-03-26 | Motley Fool | Insider selling (General Counsel, $238K) | NEUTRAL | | 2025-10-24 | Benzinga | Unrelated (SouthState Bank board) | NEUTRAL |
Headline Concentration: Four of six headlines in the past 10 days focus on STRA's value proposition and analyst upgrade. This represents concentrated positive sentiment, but notably:
- The upgrade (2026-10-06) occurred 2 days before current analysis date (2026-10-08)
- Price action has been muted despite the upgrade, suggesting the market already priced in the positive sentiment
Sentiment Assessment
Aggregate Sentiment: POSITIVE (67% of recent news)
- Three bullish value/upgrade articles dominate recent coverage
- No recent negative catalysts (earnings miss, regulatory issues, guidance cuts)
- Insider selling on 2026-03-26 is stale (over 6 months old) and modest in size ($238K for General Counsel)
Sentiment-to-Price Disconnect: ⚠️ Critical Observation: The stark contrast between positive news sentiment and bearish technical momentum (MACD histogram, stochastic overbought, put/call imbalance) suggests the market is not endorsing the fundamental narrative. This often occurs when:
- Good news is already priced in, and expectations are ahead of reality
- Institutional buyers who accumulated on the upgrade are now taking profits
Generated
News
All STRA news →
Zacks Investment ResearchT3·20d ago
Zacks Investment ResearchT3·27d ago
Zacks Investment ResearchT3·27d ago
The Motley FoolT3·7mo ago
BenzingaT3·12mo ago
The Motley FoolT3·15mo ago
BenzingaT3·21mo ago
GlobeNewswire Inc.T3·27mo ago
Zacks Investment ResearchT3·28mo ago
Showing 1–10 of 50
Page 1 of 5
Earnings History
9 of 17 under expected move
Avg Expected Move
8.66%
Avg Actual Move
8.47%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-26 | Pre-Market | 8.48% | 0.50% | 0.06x | Within |
| 2021-04-29 | Pre-Market | 3.81% | 5.62% | 1.48x | Exceeded |
| 2021-07-28 | Pre-Market | 7.51% | 7.97% | 1.06x | Exceeded |
| 2022-02-25 | Pre-Market | 8.09% | 21.36% | 2.64x | Exceeded |
| 2023-07-27 | Pre-Market | 8.29% | 5.42% | 0.65x | Within |
| 2023-11-02 | Pre-Market | 7.52% | 3.95% | 0.53x | Within |
| 2024-02-29 | Pre-Market | 9.47% | 16.55% | 1.75x | Exceeded |
| 2024-04-25 | Pre-Market | 9.24% | 16.28% | 1.76x | Exceeded |
| 2024-07-31 | Pre-Market | 8.94% | 12.77% | 1.43x | Exceeded |
| 2024-11-07 | After-Close | 6.32% | 1.42% | 0.22x | Within |
| 2025-02-27 | Pre-Market | 9.19% | 18.52% | 2.02x | Exceeded |
| 2025-04-24 | Pre-Market | 9.67% | 0.16% | 0.02x | Within |
| 2025-07-30 | Pre-Market | 9.03% | 6.54% | 0.72x | Within |
| 2025-11-06 | Pre-Market | 10.96% | 0.70% | 0.06x | Within |
| 2026-02-26 | After-Close | 9.57% | 4.94% | 0.52x | Within |
| 2026-04-23 | Pre-Market | 9.57% | 13.67% | 1.43x | Exceeded |
| 2026-07-29 | Pre-Market | 11.55% | 7.65% | 0.66x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
STRA Options Activity & IV Rank
STRA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 45.8%
7-DTE IV: —
Expected Move: $8.45
7-DTE Move: $8.45
Days to Exp: 25 (2026-11-20)
Options Flow
Call Volume: 14
Put Volume: 35
P/C Volume: 2.5
BEARISH
Call OI: 78
Put OI: 144
P/C OI: 1.846
Total OI: 222
ATM Options Pricing
ATM Call: $4.85
ATM Put: $3.60
Call %: 6.0%
Put %: 4.4%
Chain Summary
Chain Volume: 179
Chain OI: 508
Last Updated: 10/26/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 16th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
16%
vs own history
GEX tilt
-0.52
OI-weighted, today
Vanna tilt
-0.02
δ-sensitivity to IV
Charm tilt
+0.18
δ-decay vs time
? What is this?
· 12 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · ATM 49.5% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)79.6HighOct 26
Straddle Price (30 DTE)$8.45Oct 26
Beta Analysis
Risk Metrics
Beta: -0.0172
Alpha: 3.13%
Correlation: -0.0062
R-Squared: 0.0%
Stock Volatility: 35.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own STRA
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $11.0M | #1515 of 3716 | +14.6% | 13F | |
| Citadel Hedge fund Ken Griffin | $5.6M | #2009 of 6285 | -42.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $3.9M | #1602 of 3138 | -53.9% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $42K | #3442 of 4729 | +4.3% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
STRA Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 22,629,500 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$2.25M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | D. E. Shaw & Co., Inc. Custodian | $1.21M | 53.74% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $681.92K | 30.27% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $360.11K | 15.99% | 2026-06-30 |
3 filers$2.45M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.38M | 56.25% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $651.27K | 26.56% | 2026-06-30 |
| 3 | Flat Footed LLC | $421.41K | 17.19% | 2026-06-30 |
STRA Insider Trading (Form 4)
Latest: 2026-06-05Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-05 | Christa Hokenson | CHIEF HUMAN RESOURCES OFFICER | Sell (S) | −2,000 | $80.00 | -$160.0K | EDGAR |
| 2026-05-05 | G Thomas Waite III | Director | Sell (S) | −666 | $77.68 | -$51.7K | EDGAR |
| 2026-04-24 | Rita D Brogley | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-04-24 | Robert R Grusky | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-04-24 | William J Slocum | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-04-24 | Gregory William Cappelli | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-04-24 | Michael A. McRobbie | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-04-24 | Benjamin E Sasse | Director | Award (A) | +2,393 | $83.62 | $80.0K | EDGAR |
| 2026-04-24 | Viet D Dinh | Director | Award (A) | +2,393 | $83.62 | $80.0K | EDGAR |
| 2026-04-24 | Michael Thawley | Director | Mixed | +2,101 | $72.71 | $48.4K | EDGAR |
| 2026-04-24 | G Thomas Waite III | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-04-24 | Charlotte F Beason | Director | Award (A) | +1,436 | — | EDGAR | |
| 2026-03-20 | Lizette Benedi Herraiz | GENERAL COUNSEL | Sell (S) | −2,982 | $79.88 | -$238.2K | EDGAR |
| 2026-03-16 | Lizette Benedi Herraiz | GENERAL COUNSEL | Sell (S) | −7,598 | $79.97 | -$607.6K | EDGAR |
| 2026-03-16 | Robert S Silberman | CHAIRMAN | Buy (P) | +718 | $80.82 | $58.0K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
STRA Insider Holdings
17 insiders · @ $81.19
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Robert S Silberman | CHAIRMAN | 319,870 | $25.97M | -$114.54M | 27 | 2026-03-16 |
| 2 | Raymond Karl McDonnell | CHIEF EXECUTIVE OFFICER | 106,332 | $8.63M | -$32.21M | 34 | 2026-02-26 |
| 3 | Daniel Wayne Jackson | CHIEF FINANCIAL OFFICER | 100,096 | $8.13M | -$6.69M | 25 | 2026-03-03 |
| 4 | Christa Hokenson | CHIEF HUMAN RESOURCES OFFICER | 65,195 | $5.29M | -$160.0K | 11 | 2026-06-05 |
| 5 | Lizette Benedi Herraiz | GENERAL COUNSEL | 55,580 | $4.51M | -$1.79M | 17 | 2026-03-20 |
| 6 | Tal Darmon | CHIEF ACCOUNTING OFFICER | 26,641 | $2.16M | $0 | 7 | 2026-02-26 |
| 7 | Viet D Dinh | Director | 24,910 | $2.02M | $971.7K | 6 | 2026-04-24 |
| 8 | Charlotte F Beason | Director | 24,093 | $1.96M | $0 | 19 | 2026-04-24 |
| 9 | G Thomas Waite III | Director | 16,696 | $1.36M | -$711.6K | 27 | 2026-05-05 |
| 10 | Rita D Brogley | Director | 14,110 | $1.15M | $0 | 10 | 2026-04-24 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
STRA Board & Officers
As of SEC filings through Jun 5, 2026Directors 12
- Robert R Grusky · on file since 2006
- Charlotte F Beason · on file since May 2006
- G Thomas Waite III · on file since May 2006
- Robert S Silberman · listed since Jun 2009
- Raymond Karl McDonnell · listed since Mar 2013
- Rita D Brogley · since Aug 1, 2018
- William J Slocum · since Apr 27, 2021
- Michael A. McRobbie · since Jul 29, 2021
- Michael Thawley · since Sep 9, 2022
- Viet D Dinh · since Sep 1, 2023
- Benjamin E Sasse · since Apr 24, 2024
- Gregory William Cappelli · since Apr 23, 2025
Officers 6
- Raymond Karl McDonnell · Chief Executive Officer · listed since May 2013
- Daniel Wayne Jackson · Chief Financial Officer · listed since Feb 2016
- Christa Hokenson · Chief Human Resources Officer · since Feb 27, 2019
- Tal Darmon · Chief Accounting Officer · since Mar 22, 2021
- Lizette Benedi Herraiz · General Counsel · listed since Mar 2019
- Robert S Silberman · Chairman · listed since Feb 2024
Changes in the last 10 years (22)
| May 21, 2025 | The company announced the departure of Jerry Lavell Johnson from the board in an SEC filing |
| Apr 23, 2025 | Gregory William Cappelli became a director |
| Apr 24, 2024 | Benjamin E Sasse became a director |
| Feb 29, 2024 | Robert S Silberman listed as Chairman (previously Executive Chairman) in SEC filings |
| Sep 1, 2023 | Viet D Dinh became a director |
| Sep 15, 2022 | The company announced the departure of Nathaniel C. Fick from the board in an SEC filing |
| Sep 9, 2022 | Michael Thawley became a director |
| Jul 29, 2021 | Michael A. McRobbie became a director |
| Apr 27, 2021 | William J Slocum became a director |
| Mar 22, 2021 | Tal Darmon became Chief Accounting Officer |
| Jan 4, 2021 | Jerry Lavell Johnson became a director |
| Sep 16, 2019 | J Kevin Gilligan no longer listed as Executive Vice Chairman in SEC filings |
| Mar 1, 2019 | Lizette Benedi Herraiz listed as General Counsel (previously SVP and General Counsel) in SEC filings |
| Feb 27, 2019 | Christa Hokenson became Chief Human Resources Officer |
| Feb 27, 2019 | Andrew E Watt became Chief Operating Officer |
| Aug 3, 2018 | William E Brock reported in an SEC filing no longer being a director |
| Aug 3, 2018 | Brian W. Jones reported in an SEC filing no longer being President, Strayer University |
| Aug 1, 2018 | Rita D Brogley became a director |
| Aug 1, 2018 | Lizette Benedi Herraiz became SVP and General Counsel |
| Aug 1, 2018 | J Kevin Gilligan became a director |
| Aug 1, 2018 | J Kevin Gilligan became Executive Vice Chairman |
| Aug 1, 2018 | H James Dallas became a director |
Not reported recently (7)
- John T Casteen III · Last reported as a director in an SEC filing dated Apr 26, 2024
- J Kevin Gilligan · Last reported as a director in an SEC filing dated Apr 29, 2022
- H James Dallas · Last reported as a director in an SEC filing dated Apr 29, 2021
- Thomas J Aprahamian · Last reported as Chief Accounting Officer in an SEC filing dated Feb 17, 2021
- Andrew E Watt · Last reported as Chief Operating Officer in an SEC filing dated Mar 2, 2020
- Todd A Milano · Last reported as a director in an SEC filing dated Jun 14, 2019
- J David Wargo · Last reported as a director in an SEC filing dated May 3, 2018
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
STRA Proposed Insider Sales (Form 144)
Latest: 2026-06-04
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-06-04 | CHRISTA HOKENSON | Officer | 2,000 | $160.0K | 2026-06-04 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-18 | LIZETTE BENEDI HERRAIZ | Officer | 2,982 | $238.2K | 2026-03-18 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-13 | LIZETTE BENEDI HERRAIZ | Officer | 7,598 | $607.6K | 2026-03-13 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-03-02 | DANIEL JACKSON | Officer | 13,000 | $1.07M | 2026-03-02 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-02-24 | RAYMOND KARL MCDONNELL | Officer, Director | 38,840 | $2.93M | 2026-02-24 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-12-11 | Robert Grusky | Board Member | 1,403 | $111.7K | 2025-12-11 | Merrill Lynch | — | EDGAR |
| 2025-04-25 | GRUSKY ROBERT R | Director | 1,494 | $119.5K | 2025-04-25 | Merrill Lynch, Pierce, Fenner & … | — | EDGAR |
| 2025-03-10 | LIZETTE BENEDI HERRAIZ | Officer | 1,452 | $119.4K | 2025-03-10 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-02-25 | DANIEL JACKSON | Officer | 6,025 | $589.4K | 2025-02-25 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2025-02-25 | RAYMOND KARL MCDONNELL | Officer, Director | 31,855 | $3.12M | 2025-02-25 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
112 ETFs hold STRA
25 shown · $497.85M total exposure · 0.10% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.10% | $106.9M | $104.0B | 2026-10-23 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.06% | $45.9M | $74.6B | 2026-10-23 |
| 3 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $45.5M | — | 2026-09-30 |
| 4 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.14% | $38.6M | — | 2026-10-23 |
| 5 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.02% | $33.0M | — | 2026-09-30 |
| 6 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.09% | $26.6M | — | 2026-10-23 |
| 7 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.03% | $21.5M | — | 2026-09-30 |
| 8 | VXF Vanguard Extended Market ETF | Vanguard | 0.02% | $19.2M | — | 2026-09-30 |
| 9 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.12% | $16.8M | $13.9B | 2026-10-23 |
| 10 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.10% | $16.3M | $15.8B | 2026-10-23 |
| 11 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.04% | $15.3M | — | 2026-10-23 |
| 12 | IJS iShares S&P Small-Cap 600 Value ETF | iShares (BlackRock) | 0.19% | $14.9M | $7.7B | 2026-10-23 |
| 13 | SYLD Cambria Shareholder Yield ETF | Nport | 1.00% | $10.0M | — | 2026-07-31 |
| 14 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.06% | $9.8M | — | 2026-09-30 |
| 15 | SLYV State Street® SPDR® S&P 600™ Small Cap Value ETF | SPDR (State Street) | 0.19% | $9.3M | $4.8B | 2026-10-23 |
| 16 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.01% | $8.7M | — | 2026-10-23 |
| 17 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.04% | $8.6M | — | 2026-05-31 |
| 18 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.10% | $7.6M | — | 2026-10-23 |
| 19 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.08% | $7.1M | — | 2026-05-31 |
| 20 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.01% | $6.8M | — | 2026-09-30 |
| 21 | CALF Pacer US Small Cap Cash Cows 100 ETF | Nport | 0.18% | $6.5M | — | 2026-07-31 |
| 22 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.10% | $6.0M | — | 2026-09-30 |
| 23 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.25% | $5.9M | — | 2026-06-30 |
| 24 | VCR Vanguard Consumer Discretionary ETF | Vanguard | 0.09% | $5.7M | — | 2026-09-30 |
| 25 | DES WisdomTree U.S. SmallCap Dividend Fund | Nport | 0.24% | $5.3M | — | 2026-06-30 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$5.99
TTM Revenue
$1.29B
TTM Net Income
$134.51M
TTM Op. Cash Flow
$215.88M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $337.26M | $37.16M | $1.71 | $29.18M |
| Q1 '26 | 2026-03-31 | $305.93M | $32.81M | $1.48 | $87.37M |
| Q4 '25 | 2025-12-31 | $323.21M | $37.91M | $1.65 | $39.20M |
| Q3 '25 | 2025-09-30 | $319.95M | $26.63M | $1.15 | $60.14M |
| Q2 '25 | 2025-06-30 | $321.47M | $32.33M | $1.37 | $31.21M |
| Q1 '25 | 2025-03-31 | $303.59M | $29.74M | $1.24 | $67.66M |
| Q4 '24 | 2024-12-31 | $311.46M | $25.34M | $1.05 | $15.90M |
| Q3 '24 | 2024-09-30 | $305.96M | $27.75M | $1.15 | $51.49M |
| Q2 '24 | 2024-06-30 | $312.27M | $29.90M | $1.24 | $24.30M |
| Q1 '24 | 2024-03-31 | $290.25M | $29.70M | $1.23 | $77.63M |
| Q4 '23 | 2023-12-31 | $302.70M | $39.13M | $1.63 | $29.95M |
| Q3 '23 | 2023-09-30 | $285.94M | $18.46M | $0.77 | $46.44M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-29
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
13.55
P/B
1.12
P/S
1.43
EV/EBITDA
6.87
EV/Sales
1.33
ROE
8.2%
ROA
6.5%
Div Yield
3.04%
FCF Yield
11.75%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$1.84B
as of 2026-10-26
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
1.43M
SI % of Float
7.24%
Days to Cover
3.94
Short Vol Ratio
64.5%
Free Float
19.71M
Float %
88.8%
Short interest 2026-09-30 • Short volume 2026-10-26 • Float 2026-09-22