Janison Education (ASX:JAN) share price surges 18% as CEO spruiks permanent digital shift

The online education company charges to a new 52-week high amid CEO’s latest comments…

| More on:
children sit side by side at respective computer screens, both deep in concentration as though they are doing online lessons.

Image source: Getty Images

The Janison Education Group Ltd (ASX: JAN) share price is rocketing higher today. This follows comments from the company’s CEO regarding the digital transformation in the education sector today.

At the time of writing, shares in the online assessment and learning solutions provider are swapping hands for $1.08, up 14.89%. The Janison share price had been as high as $1.16 around midday. As a result, the company’s shares have now set a new 52-week high.

Education’s shift to digital

Investors are sending the Janison Education share price soaring on Wednesday. However, with no announcements out of the company, our eyes turn elsewhere for possible catalysts. One may be an article published by Digital Nation this morning where the Janison CEO talks about the COVID-19 induced digital shift within the education sector.

In the discussion, CEO David Caspari highlights the benefits of the digital transformation for students and teachers. As the fast-tracked movement changes the ways businesses operate, Caspari notes that educational continuity is another area in which digital tools can help.

Considering younger generations have grown up surrounded by technology, the sector is filled with people who are digital naturals. As such, Caspari believes that artificial intelligence could be used to free up time for teachers, resulting in better outcomes for students.

Speaking on the integration of digital solutions in education, Caspari said:

I talk to teachers and it’s a 24-hour profession, that is not sustainable and technology can help them. Artificial intelligence and our various other technologies can auto mark, can report and analyse on the assessments, all of these things save time for teachers that can be far better used, helping their students and driving teaching and learning outcomes.

Potentially exciting investors, the CEO also shared his belief that the changes inflicted by the pandemic will stick around. Specifically, he believes a hybrid education model of in-person and online is likely to stay.

Janison share price on the uptrend

Today’s positive movement only adds to what has been an incredible past year for the Janison Education share price. Riding the digital adoption trend, the company’s shares have catapulted 184% during the past 12 months.

While the company’s share price was rallying, so too was its revenue. In its FY21 full-year result, Janison reported a 38% increase in group revenue to $30.2 million. Despite this, it remains to be a loss-making business, losing $3.2 million in FY21.

Based on the current Janison share price, the company holds a market capitalisation of $258 million.

Should you invest $1,000 in Janison Education right now?

Before you consider Janison Education, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Janison Education wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Janison Education Group Limited. The Motley Fool Australia has recommended Janison Education Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on 52-Week Highs

Miner holding cash which represents dividends.
Resources Shares

Are ASX 200 mining shares good options for dividends?

ASX miners are known for being big dividend payers. Are they good ideas for income?

Read more »

Piggy bank rocketing.
52-Week Highs

3 ASX All Ordinaries shares smashing multi-year highs on Tuesday

Let's take a closer look.

Read more »

Three children wearing athletic short and singlets stand side by side on a running track wearing medals around their necks and standing with their hands on their hips.
52-Week Highs

3 ASX All Ordinaries shares starting the week with new 52-week highs

It's a good day to be invested in these ASX All Ordinaries shares.

Read more »

three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.
52-Week Highs

3 ASX 200 shares smashing multiyear highs on Wednesday

What's driving these stocks to their highest point in years today?

Read more »

Four people on the beach leap high into the air.
52-Week Highs

2 ASX 200 shares smashing multi-year highs today

It's a good day for owners of these shares.

Read more »

An excited man stretches his arms out above his head as he reaches a mountain peak representing two ASX 200 shares reaching multi-year high prices today
52-Week Highs

2 ASX 200 shares clocking multi-year highs on Thursday

It's a good day for these ASX 200 stocks. Here's why.

Read more »

Two mature-age people, a man and a woman, jump in unison with their arms and legs outstretched on a sunny beach.
52-Week Highs

Guess which 2 ASX All Ordinaries shares smashed 52-week highs amid today’s carnage

Here's what drove these shares to outperform on Tuesday.

Read more »

A young kid with dark glasses rocks out with a guitar.
Share Gainers

3 ASX 300 shares rocking new 52-week highs on Thursday

Which three shares hit multi-year highs today? Let's take a look.

Read more »