Sunlands Technology Group (STG) Stock Forecast, Price & News

Sunlands Technology Group's stock was trading at $7.29 on January 1st, 2023. Since then, STG stock has decreased by 33.5% and is now trading at $4.85.
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Sunlands Technology Group saw a increase in short interest in August. As of August 31st, there was short interest totaling 25,800 shares, an increase of 25.9% from the August 15th total of 20,500 shares. Based on an average daily trading volume, of 13,000 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.5% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 22nd 2023.
View our STG earnings forecast.

Sunlands Technology Group (NYSE:STG) announced its quarterly earnings results on Friday, August, 18th. The company reported $1.73 earnings per share for the quarter. The company had revenue of $72.59 million for the quarter. Sunlands Technology Group had a negative trailing twelve-month return on equity of 248.46% and a net margin of 31.26%.

Sunlands Technology Group's stock reverse split before market open on Tuesday, August 31st 2021. The 2-25 reverse split was announced on Tuesday, August 31st 2021. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, August 31st 2021. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

Sunlands Technology Group updated its third quarter 2023 earnings guidance on Friday, August, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $64.82 million-$67.57 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunlands Technology Group investors own include AbbVie (ABBV), Allena Pharmaceuticals (ALNA), General Motors (GM), Mondi (MNDI), Wells Fargo & Company (WFC), Energy Transfer (ET), Garrison Capital (GARS), Intel (INTC), Pfizer (PFE) and Verizon Communications (VZ).

(STG) raised $162 million in an initial public offering (IPO) on Friday, March 23rd 2018. The company issued 13,000,000 shares at a price of $11.50-$13.50 per share. Goldman Sachs (Asia), J.P. Morgan and Credit Suisse served as the underwriters for the IPO and CLSA was co-manager.

Sunlands Technology Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "STG."

Sunlands Technology Group's stock is owned by a number of institutional and retail investors. Top institutional investors include Hsbc Holdings PLC (0.16%) and Renaissance Technologies LLC (0.07%).

Shares of STG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of STG stock can currently be purchased for approximately $4.85.

Sunlands Technology Group (NYSE:STG) has a market capitalization of $67.17 million and generates $336.82 million in revenue each year. The company earns $93.37 million in net income (profit) each year or $7.21 on an earnings per share basis.

The company employs 2,318 workers across the globe.

Sunlands Technology Group's mailing address is BUILDING 4-6 CHAOLAI SCIENCE PARK NO. 36 CHUANGYUAN RD CHAOYANG DISTRICT, BEIJING F4, 100012. The official website for the company is www.sunlands.com. The company can be reached via phone at 861052413738 or via email at ir@sunlands.com.