New Oriental Education & Technology Group Inc. (EDU) Investors Will See A Big Return Again – Marketing Sentinel
Home  »  Company   »  New Oriental Education & Technology Group Inc...

New Oriental Education & Technology Group Inc. (EDU) Investors Will See A Big Return Again

New Oriental Education & Technology Group Inc. (NYSE:EDU) has a beta value of 0.94 and has seen 28.63 million shares traded in the last trading session. The company, currently valued at $4.02B, closed the last trade at $2.38 per share which meant it gained $0.01 on the day or 0.42% during that session. The EDU stock price is -739.08% off its 52-week high price of $19.97 and 29.41% above the 52-week low of $1.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 48.37 million shares traded. The 3-month trading volume is 83.42 million shares.

The consensus among analysts is that New Oriental Education & Technology Group Inc. (EDU) is an Overweight stock at the moment, with a recommendation rating of 2.40. 2 analysts rate the stock as a Sell, while 3 rate it as Overweight. 6 out of 18 have rated it as a Hold, with 6 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.03.

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

Sporting 0.42% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 10/15/21 when the EDU stock price touched $2.38 or saw a rise of 2.06%. Year-to-date, New Oriental Education & Technology Group Inc. shares have moved -87.19%, while the 5-day performance has seen it change 11.21%. Over the past 30 days, the shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have changed 26.60%. Short interest in the company has seen 56.46 million shares shorted with days to cover at 1.96.

Wall Street analysts have a consensus price target for the stock at $5.31, which means that the shares’ value could jump 55.18% from current levels. The projected low price target is $1.83 while the price target rests at a high of $18.80. In that case, then, we find that the current price level is -689.92% off the targeted high while a plunge would see the stock lose 23.11% from current levels.

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

Figures show that New Oriental Education & Technology Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -84.32% over the past 6 months, with this year growth rate of 87.50%, compared to 12.20% for the industry. Revenue growth from the last financial year stood is estimated to be 17.00%.

10 analysts offering their estimates for the company have set an average revenue estimate of $1.12 billion for the current quarter. 6 have an estimated revenue figure of $1.2 billion for the next quarter concluding in Aug 2021.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 7.20% over the past 5 years. Earnings growth for 2021 is a modest -21.90% while over the next 5 years, the company’s earnings are expected to increase by 14.81%.

EDU Dividends

New Oriental Education & Technology Group Inc. is expected to release its next earnings report between October 11 and October 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 0.02% of the company shares, while shares held by institutions stand at 86.84% with a share float percentage of 86.86%. Investors are also buoyed by the number of investors in a company, with New Oriental Education & Technology Group Inc. having a total of 797 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 83.84 million shares worth more than $1.17 billion. As of Mar 30, 2021, Blackrock Inc. held 4.89% of shares outstanding.

The other major institutional holder is Davis Selected Advisers, LP, with the holding of over 70.54 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $987.51 million and represent 4.11% of shares outstanding.

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

Also the top two Mutual Funds that are holding company’s shares are Davis New York Venture Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of Jan 30, 2021, the former fund manager holds about 1.46% shares in the company for having 25.02 million shares of worth $419.08 million while later fund manager owns 19.43 million shares of worth $325.5 million as of Jan 30, 2021, which makes it owner of about 1.13% of company’s outstanding stock.

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