On Wednesday, 2U Inc (NASDAQ:TWOU) gained 1.10% with the overall traded volume of 163,498.00 shares below its average volume of 349,262.00shares. The company has the market value of $1.77B and its EPS ratio for the past year was $-0.44. The company finished business at $37.67.
2U, Inc. (NASDAQ: TWOU), a leader in partnering with great colleges and universities to deliver the world’s best digital education, today declared its predictable program launch cadence for 2018 to 2020. The company anticipates launching 13 Domestic Graduate Programs (DGPs) in 2018, 16 DGPs in 2019, and 19 DGPs in 2020.
In 2016, 2U declared its plans to launch 10 DGPs in 2017. A DGP is what 2U defines as a 2U-powered graduate program that it enables for colleges and universities in the U.S.
“We are pleased to declare our plans to increase our domestic graduate program portfolio by 58 partner programs between 2017 and 2020, which will fuel the company’s 30 percent or better revenue growth targets for the foreseeable future,” said Christopher “Chip” Paucek, CEO and co-founder of 2U. “Our core business in the domestic graduate program market remains strong and we believe that we have a large portion of the total addressable market yet to tap.”
Technical Analysis:
The company has 47.23M shares outstanding and 71.90% shares of the company were owned by institutional investors. The company has 8.40 value in price to sale ratio while price to book ratio was recorded as 8.98. The company earned $-20.70M in prior twelve months on revenue of $205.90M. It beta stands at 0.00.
Analyst recommendation for this stock stands at 1.50.
