In the latest trading session, 1.47 million New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) shares changed hands as the company’s beta touched 0.46. With the company’s most recent per share price at $62.37 changed hands at -$4.76 or -7.09% at last look, the market valuation stands at $10.20B. EDU’s current price is a discount, trading about -55.89% off its 52-week high of $97.23. The share price had its 52-week low at $58.31, which suggests the last value was 6.51% up since then. When we look at New Oriental Education & Technology Group Inc. ADR’s average trading volume, we note the 10-day average is 1.5 million shares, with the 3-month average coming to 2.31 million.
Analysts gave the New Oriental Education & Technology Group Inc. ADR (EDU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended EDU as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. New Oriental Education & Technology Group Inc. ADR’s EPS for the current quarter is expected to be 1.49.
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New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) trade information
Instantly EDU was in red as seen in intraday trades today. With action -10.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.04%, with the 5-day performance at -10.45% in the red. However, in the 30-day time frame, New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) is -4.05% down. Looking at the short shares, we see there were 6.14 million shares sold at short interest cover period of 2.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 59.8, meaning bulls need a downside of -4.3% from its recent market value. According to analyst projections, EDU’s forecast low is 32 with 119.5 as the target high. To hit the forecast high, the stock’s price needs a -91.6% plunge from its current level, while the stock would need to tank 48.69% for it to hit the projected low.
New Oriental Education & Technology Group Inc. ADR (EDU) estimates and forecasts
Data shows that the New Oriental Education & Technology Group Inc. 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 -18.28% over the past 6 months, a 51.98% in annual growth rate that is considerably higher than the industry average of 12.80%. Year-over-year growth is forecast to reach 21.40% up from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 1.44B. 6 analysts are of the opinion that New Oriental Education & Technology Group Inc. ADR’s revenue for the current quarter will be 1.03B. The company’s revenue for the corresponding quarters a year ago was 1.1B and 869.6M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.30%. The estimates for the next quarter sales put growth at 18.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.20%. The 2024 estimates are for New Oriental Education & Technology Group Inc. ADR earnings to increase by 41.99%, but the outlook for the next 5-year period is at 35.00% per year.
EDU Dividends
New Oriental Education & Technology Group Inc. ADR is expected to release its next quarterly earnings report on 2024-Oct-23.
New Oriental Education & Technology Group Inc. ADR (NYSE:EDU)’s Major holders
BANK OF AMERICA CORP /DE/ holds the second largest percentage of outstanding shares, with 2.3966% or 3.97 million shares worth $308.3 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were Fidelity Series Emerging Markets Opportunities Fund and ACAP Strategic Fund. With 791.28 shares estimated at $48.92 million under it, the former controlled 0.47% of total outstanding shares. On the other hand, ACAP Strategic Fund held about 0.44% of the shares, roughly 754.86 shares worth around $46.67 million.
