$VEDU Setting Up For A Run
After appointing a new CEO, Visionary Education Technology Holdings Group Inc. (NASDAQ: VEDU) stock climbed more than 10% before settling again. Under the new management, VEDU will be looking to employ AI in its educational platforms and future collaborations like its collaboration with the John Hughes Institute and the collaboration with the International Olympic Academy (IOA) to establish the first Olympic High School in Canada. With the stock trading near a strong support, VEDU stock has the potential to soar this week given the growing bullish sentiment surrounding the stock.
VEDU Fundamentals
New CEO, New Direction?
Earlier in June, VEDU announced the appointment of its new CEO, Ms. Fan Zhou, who has over 20 years of experience in international vocational education in Canada and China. After the announcement, VEDU stock rose almost 12%, which shows investors’ confidence in the new CEO.
The change in VEDU’s CEO could signal a new direction for the company as it could lean more into AI-powered educational platforms, especially after acquiring Shanghai Jinhuiercheng Technology – a Chinese-based AI-powered educational platform.
In this way, VEDU stock could be considered one of the promising AI stocks given the substantial potential of AI in education. It is probable that for this reason, investors are starting to take notice of VEDU – with the stock climbing to the top of StockTwits’ watchers list.
Targeting New Customers
Furthermore, VEDU is collaborating with high-profile institutions in an attempt to target new segments in the education field. Earlier this year, VEDU entered into a collaboration with the John Hughes Institute to expand MTM College’s curriculum with new majors in visual effects, virtual production, and visual communication.
VEDU also expressed interest in establishing an Olympic high school and had a fruitful meeting with the Chairman of the IOA. If VEDU is successful in establishing its Olympic International High School, which would be Canada’s first Olympic high school, the company could gain a lot of traction from aspiring Canadian Olympic athletes.
Considering the company’s AI capabilities, VEDU could be on track to offer a unique educational product that may allow it to substantially grow its revenues in the future. As more investors are taking notice of the company and its potential, VEDU stock could be poised to run this week – making it one to watch closely.
Another Run In The Making
Currently, VEDU is trading near a major support at $.4 which the stock previously bounced off to make major runs. Earlier this month, VEDU ran more than 36% and 70% after testing this level. With the company gaining investors’ attention due to its AI capabilities, VEDU could be well-positioned to replicate its recent runs as more and more investors take notice of the company and its potential.
VEDU Financials
In its first half of 2023 report, VEDU’s assets increased 160% sequentially from $36 million to $93.9 million, and its cash and cash equivalents decreased 70% sequentially from $741 thousand to $222 thousand. VEDU’s total liabilities increased by 150% sequentially from $32 million to $80 million.
Revenue also increased 18% YoY from $1.1 million to $1.3 million. Operating costs increased almost 102% from $0.878 million to $1.78 million, which contributed to the operating loss increase of 185% YoY from $875 thousand in operating income to $746 thousand in operating loss. As a result, VEDU reported a net loss of $2.6 million – a 534% increase YoY.
Technical Analysis
VEDU stock’s trend is neutral with the stock trading in a sideways channel between $0.4040 and $0.5521. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 40 and the MACD is approaching a bullish crossover.
As for the fundamentals, VEDU stock is seeing growing interest from investors which could be due to its AI capabilities. With the stock trading near its $.4040 major support, VEDU could soar like its previous 2 runs this month – making it one to watch closely this week.
VEDU Forecast
VEDU is currently trying to target new customer segments with its collaborations with the International Olympic Academy and the John Hughes Institute. Furthermore, VEDU stock is trading near a strong support that has seen it run off multiple times in the past, which makes VEDU stock a stock to keep an eye on – especially with the growing bullish sentiment surrounding the stock currently.
VEDU Fundamentals
New CEO, New Direction?
Earlier in June, VEDU announced the appointment of its new CEO, Ms. Fan Zhou, who has over 20 years of experience in international vocational education in Canada and China. After the announcement, VEDU stock rose almost 12%, which shows investors’ confidence in the new CEO.
The change in VEDU’s CEO could signal a new direction for the company as it could lean more into AI-powered educational platforms, especially after acquiring Shanghai Jinhuiercheng Technology – a Chinese-based AI-powered educational platform.
In this way, VEDU stock could be considered one of the promising AI stocks given the substantial potential of AI in education. It is probable that for this reason, investors are starting to take notice of VEDU – with the stock climbing to the top of StockTwits’ watchers list.
Targeting New Customers
Furthermore, VEDU is collaborating with high-profile institutions in an attempt to target new segments in the education field. Earlier this year, VEDU entered into a collaboration with the John Hughes Institute to expand MTM College’s curriculum with new majors in visual effects, virtual production, and visual communication.
VEDU also expressed interest in establishing an Olympic high school and had a fruitful meeting with the Chairman of the IOA. If VEDU is successful in establishing its Olympic International High School, which would be Canada’s first Olympic high school, the company could gain a lot of traction from aspiring Canadian Olympic athletes.
Considering the company’s AI capabilities, VEDU could be on track to offer a unique educational product that may allow it to substantially grow its revenues in the future. As more investors are taking notice of the company and its potential, VEDU stock could be poised to run this week – making it one to watch closely.
Another Run In The Making
Currently, VEDU is trading near a major support at $.4 which the stock previously bounced off to make major runs. Earlier this month, VEDU ran more than 36% and 70% after testing this level. With the company gaining investors’ attention due to its AI capabilities, VEDU could be well-positioned to replicate its recent runs as more and more investors take notice of the company and its potential.
VEDU Financials
In its first half of 2023 report, VEDU’s assets increased 160% sequentially from $36 million to $93.9 million, and its cash and cash equivalents decreased 70% sequentially from $741 thousand to $222 thousand. VEDU’s total liabilities increased by 150% sequentially from $32 million to $80 million.
Revenue also increased 18% YoY from $1.1 million to $1.3 million. Operating costs increased almost 102% from $0.878 million to $1.78 million, which contributed to the operating loss increase of 185% YoY from $875 thousand in operating income to $746 thousand in operating loss. As a result, VEDU reported a net loss of $2.6 million – a 534% increase YoY.
Technical Analysis
VEDU stock’s trend is neutral with the stock trading in a sideways channel between $0.4040 and $0.5521. Looking at the indicators, the stock is trading below the 200, 50, and 21 MAs which are bearish indications. Meanwhile, the RSI is neutral at 40 and the MACD is approaching a bullish crossover.
As for the fundamentals, VEDU stock is seeing growing interest from investors which could be due to its AI capabilities. With the stock trading near its $.4040 major support, VEDU could soar like its previous 2 runs this month – making it one to watch closely this week.
VEDU Forecast
VEDU is currently trying to target new customer segments with its collaborations with the International Olympic Academy and the John Hughes Institute. Furthermore, VEDU stock is trading near a strong support that has seen it run off multiple times in the past, which makes VEDU stock a stock to keep an eye on – especially with the growing bullish sentiment surrounding the stock currently.
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