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.
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.
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.
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.