The shutting down of schools and the wider education sector this year has forced a sea-change in the way education is delivered.
Education institutions ranging from schools to Universities have been forced online, creating a huge investment opportunity in the online education sector. This new edu-tech market has been created by the timely arrival of excellent software technology and widespread reliable access to high-speed internet.
One such stock that has benefitted from the moves in the edu-tech space is Dev Clever. Listed on the London Stock exchange and originally backed by a small but loyal following, it has gained a lot of interest from market makers over the few weeks, posting a rise to 19p per share from a November low of 6.8.
It’s an opportunity for traders to jump in looking for short term gains. Dev Clever has posted share price gains of 25% in the past 6 days alone as investors jostle for position.
With analysts predicting the imminent arrival of institutional investor money as the company closes in on a £100m market cap, now could be the time to make a quick return on a smart investment.
£100m Market Cap
A 20p share price would see Dev Clever reach a £100m market cap and with the recent rapid share price growth, it’s a question of when, not if it reaches the mark.
It has already breached many chartist’s breakout points and the feeling amongst a good number of commentators and investors is that 30p is possible by February, with potential prices of up to 100p by the end of the year.
The share price has been boosted by the announcement of potentially lucrative deals in India, in particular a five-year partnership deal with Veative Labs and India’s National Independent Schools Alliance.
With limited competition in a rapidly growing sector, the early money has moved into Dev Clever and is experiencing excellent returns.
This is a growth share in a rapidly growing market. Regular after-market trades of hundreds of thousands of shares would suggest this is a story that is going to continue to unfold – keep a close eye on Dev Clever.
Disclaimer – any market commentary does not represent financial advice or recommendations.