In the latest trading session,, 2.45 million TAL Education Group ADR (NYSE:TAL) shares changed hands as the company’s beta touched 0.15. With the company’s most recent per share price at $11.35 changing hands around $0.01 or 0.09% at last look, the market valuation stands at $5.57B. TAL’s current price is a discount, trading about -36.74% off its 52-week high of $15.52. The share price had its 52-week low at $5.09, which suggests the last value was 55.15% up since then. When we look at TAL Education Group ADR’s average trading volume, we note the 10-day average is 6.15 million shares, with the 3-month average coming to 7.43 million.
TAL Education Group ADR (NYSE:TAL) trade information
Instantly TAL is in green as seen in intraday trades today. With action -2.32%, the performance over the past five days has been red. The jump to weekly highs of 12.29 added 0.09% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.13%, with the 5-day performance at -2.32% in the red. However, in the 30-day time frame, TAL Education Group ADR (NYSE:TAL) is -21.40% down. Looking at the short shares, we see there were 25.64 million shares sold at short interest cover period of 3.2 days.
TAL Education Group ADR (TAL) estimates and forecasts
Data shows that the TAL Education Group ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 53.59% over the past 6 months, a 71.43% in annual growth rate that is considerably higher than the industry average of 25.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for TAL Education Group ADR will rise 200.00%, while the growth in revenue is estimated to hit 166.70% for the next quarter. Year-over-year growth is forecast to reach 39.80% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of $391.29 million. 3 analysts are of the opinion that TAL Education Group ADR’s revenue for the quarter ending May 2024 will be $373.69 million. The company’s revenue for the corresponding quarters a year ago was $268.99 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 45.50%.
TAL Dividends
TAL Education Group ADR is expected to release its next quarterly earnings report between April 25 and April 29.
TAL Education Group ADR (NYSE:TAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of TAL Education Group ADR shares while 52.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.23%. There are 52.23% institutions holding the TAL Education Group ADR stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2023, the company held 3.05% of the shares, roughly 19.35 million TAL shares worth $219.67 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 2.76% or 17.52 million shares worth $198.99 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were KraneShares CSI China Internet ETF and Vanguard International Stock Index-Emerging Markets Stk. With 15.89 million shares estimated at $180.4 million under it, the former controlled 2.51% of total outstanding shares. On the other hand, Vanguard International Stock Index-Emerging Markets Stk held about 0.95% of the shares, roughly 6.0 million shares worth around $68.07 million.
