TAL Education Group ADR (NYSE: TAL) Disappoints Wall Street With -4.82% Stock Price Drop

In the latest trading session,, 3.24 million TAL Education Group ADR (NYSE:TAL) shares changed hands as the company’s beta touched 0.01. With the company’s most recent per share price at $9.57 changed hands at -$0.49 or -4.82% at last look, the market valuation stands at $4.39B. TAL’s current price is a discount, trading about -62.17% off its 52-week high of $15.52. The share price had its 52-week low at $7.34, which suggests the last value was 23.3% up since then. When we look at TAL Education Group ADR’s average trading volume, we note the 10-day average is 5.65 million shares, with the 3-month average coming to 7.59 million.

Analysts gave the TAL Education Group ADR (TAL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.12. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended TAL as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. TAL Education Group ADR’s EPS for the current quarter is expected to be 0.04.

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TAL Education Group ADR (NYSE:TAL) trade information

Instantly TAL was in red as seen in intraday trades today. With action -16.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -24.19%, with the 5-day performance at -16.88% in the red. However, in the 30-day time frame, TAL Education Group ADR (NYSE:TAL) is -5.39% down. Looking at the short shares, we see there were 36.86 million shares sold at short interest cover period of 3.61 days.

The consensus price target for the stock as assigned by Wall Street analysts is 14.35, meaning bulls need an upside of 33.31% from its recent market value. According to analyst projections, TAL’s forecast low is 3.9 with 68 as the target high. To hit the forecast high, the stock’s price needs a -610.55% plunge from its current level, while the stock would need to tank 59.25% for it to hit the projected low.

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 -27.02% over the past 6 months, a 2,800.00% in annual growth rate that is considerably higher than the industry average of 17.70%. Year-over-year growth is forecast to reach 44.30% up from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 538.08M. 5 analysts are of the opinion that TAL Education Group ADR’s revenue for the current quarter will be 596.8M. The estimates for the next quarter sales put growth at 38.90%. The 2024 estimates are for TAL Education Group ADR earnings to increase by 1757.76%.

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

KRANE FUNDS ADVISORS LLC holds the second largest percentage of outstanding shares, with 3.204% or 19.33 million shares worth $206.29 million as of 2024-06-30.