New Oriental Education & Technology Group Inc. (NYSE: EDU) Could Soon Experience A Sharp Increase In Its Share Price. – Marketing Sentinel
Home  »  Technologies   »  New Oriental Education & Technology Group Inc...

New Oriental Education & Technology Group Inc. (NYSE: EDU) Could Soon Experience A Sharp Increase In Its Share Price.

In today’s recent session, 19.28 million shares of the New Oriental Education & Technology Group Inc. (NYSE:EDU) have been traded, and its beta is 0.92. Most recently the company’s share price was $2.23, and it changed around $0.09 or 4.21% from the last close, which brings the market valuation of the company to $3.70B. EDU at last check was trading at a discount to its 52-week high of $19.97, offering almost -795.52% off that amount. The share price’s 52-week low was $1.68, which indicates that the recent value has risen by an impressive 24.66% since then. We note from New Oriental Education & Technology Group Inc.’s average daily trading volume that its 10-day average is 34.36 million shares, with the 3-month average coming to 82.64 million.

New Oriental Education & Technology Group Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.40. If we narrow it down even further, the data shows that 2 out of 18 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended EDU as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight. New Oriental Education & Technology Group Inc. is expected to report earnings per share of $0.03 for the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored

New Oriental Education & Technology Group Inc. (NYSE:EDU) trade information

Instantly EDU has been showing a green trend so far today with a performance of 4.21% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.23 on Friday, 10/08/21 decreased the stock’s daily price by 0.0%. The company’s shares are currently down -88.48% year-to-date, but still up 2.39% over the last five days. On the other hand, New Oriental Education & Technology Group Inc. (NYSE:EDU) is -4.89% up in the 30-day period. We can see from the shorts that 56.46 million shares have been sold at a short interest cover period of 1.96 day(s).

The consensus price target as assigned by Wall Street analysts is $5.31, which translates to bulls needing to increase their stock price by 58.0% from its current value. Analyst projections state that EDU is forecast to be at a low of $1.83 and a high of $18.80. In order for the stock price to hit the forecast high, the stock would need to plunge -743.05% from its current level, while the stock would need to crash 17.94% from its current level to reach the projected low.

New Oriental Education & Technology Group Inc. (EDU) estimates and forecasts

New Oriental Education & Technology Group Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -85.52 percent over the past six months and at a 87.50% annual growth rate that is well above the industry average of 14.70%. The year-over-year growth rate is expected to be 17.00%, up from the previous year.

Consensus estimates provided by 10 financial analysts predict the company will bring in an average of $1.12 billion in revenue for the current quarter. 6 analysts expect New Oriental Education & Technology Group Inc. to make $1.2 billion in revenue for the quarter ending Aug 2021. Analysts predict that the company’s current quarter sales will jump, forecast at 40.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.20%. New Oriental Education & Technology Group Inc. earnings are expected to increase by -21.90% in 2021, but the outlook is positive 14.81% per year for the next five years.

EDU Dividends

New Oriental Education & Technology Group Inc.’s next quarterly earnings report is expected to be released around October 11 and October 15.

New Oriental Education & Technology Group Inc. (NYSE:EDU)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.02% of New Oriental Education & Technology Group Inc. shares, and 86.84% of them are in the hands of institutional investors. The stock currently has a share float of 86.86%. New Oriental Education & Technology Group Inc. stock is held by 797 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2021, it held 4.89% of the shares, which is about 83.84 million shares worth $1.17 billion.

Davis Selected Advisers, LP, with 4.11% or 70.54 million shares worth $987.51 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.

>> 7 Top Picks for the Post-Pandemic Economy <<

Davis New York Venture Fund and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Jan 30, 2021. The former held 25.02 million shares worth $419.08 million, making up 1.46% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 19.43 million shares worth around $325.5 million, which represents about 1.13% of the total shares outstanding.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam