New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) is -23.65% lower on its value in year-to-date trading and has touched a low of $56.18 and a high of $97.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EDU stock was last observed hovering at around $58.11 in the last trading session, with the day’s loss setting it -2.71%.
Currently trading at $55.40, the stock is -11.41% and -15.99% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing -4.66% at the moment leaves the stock -27.25% off its SMA200. EDU registered -19.50% loss for a year compared to 6-month loss of -35.86%. The firm has a 50-day simple moving average (SMA 50) of $65.9658 and a 200-day simple moving average (SMA200) of $76.74765.
The stock witnessed a -20.40% gain in the last 1 month and extending the period to 3 months gives it a -19.72%, and is -7.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 3.29% over the month.
New Oriental Education & Technology Group Inc. ADR (EDU) has around 75005 employees, a market worth around $9.06B and $4.65B in sales. Current P/E ratio is 23.65 and Fwd P/E is 13.30. Profit margin for the company is 8.38%. Distance from 52-week low is -1.39% and -43.02% from its 52-week high. The company has generated returns on investments over the last 12 months (8.74%).
New Oriental Education & Technology Group Inc. ADR quarterly earnings per share for the current quarter are estimated at 0.3 with sales reaching $1.02B over the same period.The EPS is expected to grow by 37.97% this year, but quarterly earnings will post 20.20% year-over-year. Quarterly sales are estimated to grow 17.70% in year-over-year returns.
The shares outstanding are 164.75M, and float is at 160.20M with Short Float at 3.86%.
The top institutional shareholder in the company is MORGAN STANLEY with over 6.47 million shares valued at $502.64 million. The investor’s holdings represent 3.9073 of the EDU Shares outstanding. As of 2024-06-30, the second largest holder is BANK OF AMERICA CORP /DE/ with 3.97 million shares valued at $308.3 million to account for 2.3966 of the shares outstanding. The other top investors are FMR LLC which holds 3.68 million shares representing 2.2226 and valued at over $285.91 million, while ASPEX MANAGEMENT (HK) LTD holds 1.9575 of the shares totaling 3.24 million with a market value of $251.82 million.
