TAL Education Group ADR (NYSE:TAL) Stock Plunged -16.83% So Far In 2024, What Analysts Expect Next?

In recent trading session, TAL Education Group ADR (NYSE:TAL) saw 15.06 million shares changing hands at last check today with its beta currently measuring 0.01. Company’s recent per share price level of $10.50 trading at $2.18 or 26.25% at last check today assigns it a market valuation of $4.80B. That most recent trading price of TAL’s stock is at a discount of -47.81% from its 52-week high price of $15.52 and is indicating a premium of 30.1% from its 52-week low price of $7.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.95 million shares which gives us an average trading volume of 5.37 million if we extend that period to 3-months.

For TAL Education Group ADR (TAL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.20. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.1 in the current quarter.

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TAL Education Group ADR (NYSE:TAL) trade information

Upright in the green today for gaining 26.25%, in the last five days TAL remained trading in the green while hitting it’s week-highest on Thursday, 09/26/24 when the stock touched $10.50 price level, adding 12.13% to its value on the day. TAL Education Group ADR’s shares saw a change of -16.83% in year-to-date performance and have moved 28.42% in past 5-day. TAL Education Group ADR (NYSE:TAL) showed a performance of 26.25% in past 30-days. Number of shares sold short was 27.67 million shares which calculate 6.94 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 14.35 to the stock, which implies a rise of 26.83% to its recent value today. Analysts have been projecting 3.9 as a low price target for the stock while placing it at a high target of 68. It follows that stock’s current price would jump 62.86% in reaching the projected high whereas dropping to the targeted low would mean a gain of 62.86% for stock’s current value.

TAL Education Group ADR (TAL) estimates and forecasts

This year revenue growth is estimated to rise 40.00% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 602.59M for the same. And 5 analysts are in estimates of company making revenue of 526.29M in the next quarter.

TAL Education Group ADR (NYSE:TAL)’s Major holders

MORGAN STANLEY is the top institutional holder at TAL for having 22.19 million shares of worth $236.77 million. And as of 2024-06-30, it was holding 3.6773 of the company’s outstanding shares.

The second largest institutional holder is KRANE FUNDS ADVISORS LLC, which was holding about 19.33 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.204 of outstanding shares, having a total worth of $206.29 million.