New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) is -11.96% lower on its value in year-to-date trading and has touched a low of $54.00 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 $62.96 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $63.88, the stock is 3.54% and 3.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 1.46% at the moment leaves the stock -11.62% off its SMA200. EDU registered -7.41% loss for a year compared to 6-month loss of -16.60%. The firm has a 50-day simple moving average (SMA 50) of $61.741 and a 200-day simple moving average (SMA200) of $72.8788.
The stock witnessed a 11.37% gain in the last 1 month and extending the period to 3 months gives it a 2.68%, and is 7.69% up 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 2.45% over the week and 3.03% over the month.
New Oriental Education & Technology Group Inc. ADR (EDU) has around 75005 employees, a market worth around $10.45B and $4.65B in sales. Current P/E ratio is 27.27 and Fwd P/E is 15.50. Profit margin for the company is 8.38%. Distance from 52-week low is 18.30% and -34.30% from its 52-week high. The company has generated returns on investments over the last 12 months (8.74%).
The EPS is expected to grow by 37.07% this year
The shares outstanding are 165.51M, and float is at 157.08M with Short Float at 4.32%.
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.
