TAL Education Group ADR (NYSE:TAL) Shares Jumped 4.95% In A Week. Can It Continue Rising?

In last trading session, TAL Education Group ADR (NYSE:TAL) saw 4.1 million shares changing hands with its beta currently measuring 0.03. Company’s recent per share price level of $11.67 trading at $0.15 or 1.30% at ring of the bell on the day assigns it a market valuation of $5.35B. That closing price of TAL’s stock is at a discount of -32.99% from its 52-week high price of $15.52 and is indicating a premium of 37.1% 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 6.43 million shares which gives us an average trading volume of 7.68 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 1.15. 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 0.04 in the current quarter.

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TAL Education Group ADR (NYSE:TAL) trade information

Upright in the green during last session for gaining 1.30%, in the last five days TAL remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $11.67 price level, adding 3.87% to its value on the day. TAL Education Group ADR’s shares saw a change of -7.60% in year-to-date performance and have moved 4.95% in past 5-day. TAL Education Group ADR (NYSE:TAL) showed a performance of 2.91% in past 30-days. Number of shares sold short was 32.4 million shares which calculate 2.75 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 18.68% to its current value. 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 66.58% in reaching the projected high whereas dropping to the targeted low would mean a gain of 66.58% for stock’s current value.

TAL Education Group ADR (TAL) estimates and forecasts

Statistics highlight that TAL Education Group ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -15.37% of value to its shares in past 6 months, showing an annual growth rate of 2,800.00% while that of industry is 16.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 44.30% from the last financial year’s standing.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 538.08M for the same. And 5 analysts are in estimates of company making revenue of 596.8M 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.