TAL Education Group (NYSE:TAL) has a beta value of -0.13 and has seen 4.03 million shares traded in the last trading session. The company, currently valued at $3.92B, closed the last trade at $7.86 per share which meant it gained $0.02 on the day or 0.26% during that session. The TAL stock price is -32.95% off its 52-week high price of $10.45 and 79.64% above the 52-week low of $1.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.46 million shares traded. The 3-month trading volume is 10.46 million shares.
The consensus among analysts is that TAL Education Group (TAL) is an Overweight stock at the moment, with a recommendation rating of 2.70. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 12 have rated it as a Hold, with 5 advising it as a Buy. 2 have rated the stock as Underweight. The expected earnings per share for the stock is $0.01.
TAL Education Group (NYSE:TAL) trade information
Sporting 0.26% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on Monday, 01/23/23 when the TAL stock price touched $7.86 or saw a rise of 8.39%. Year-to-date, TAL Education Group shares have moved 11.49%, while the 5-day performance has seen it change -9.03%. Over the past 30 days, the shares of TAL Education Group (NYSE:TAL) have changed -14.66%. Short interest in the company has seen 14.45 million shares shorted with days to cover at 3.37.
Wall Street analysts have a consensus price target for the stock at $7.73, which means that the shares’ value could drop -1.68% from current levels. The projected low price target is $2.90 while the price target rests at a high of $10.18. In that case, then, we find that the current price level is -29.52% off the targeted high while a plunge would see the stock lose 63.1% from current levels.
TAL Education Group (TAL) estimates and forecasts
Figures show that TAL Education Group shares have outperformed across the wider relevant industry. The company’s shares have gained 60.41% over the past 6 months, with this year growth rate of 82.55%, compared to -5.70% for the industry. Revenue growth from the last financial year stood is estimated to be -78.60%.
3 analysts offering their estimates for the company have set an average revenue estimate of $242.62 million for the current quarter. 3 have an estimated revenue figure of $225.83 million for the next quarter concluding in Nov 2022.
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 -58.50% over the past 5 years.
TAL Education Group is expected to release its next earnings report between February 20 and February 24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
TAL Education Group (NYSE:TAL)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 62.19% with a share float percentage of 62.19%. Investors are also buoyed by the number of investors in a company, with TAL Education Group having a total of 311 institutions that hold shares in the company. The top two institutional holders are Goldman Sachs Group Inc with over 49.43 million shares worth more than $240.75 million. As of Jun 29, 2022, Goldman Sachs Group Inc held 11.13% of shares outstanding.
The other major institutional holder is Morgan Stanley, with the holding of over 22.72 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $110.63 million and represent 5.12% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are KraneShares CSI China Internet ETF and Vanguard International Stock Index-Emerging Markets Stk. As of Jun 29, 2022, the former fund manager holds about 3.49% shares in the company for having 15.48 million shares of worth $75.4 million while later fund manager owns 6.2 million shares of worth $30.49 million as of Jul 30, 2022, which makes it owner of about 1.40% of company’s outstanding stock.