New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) is -26.30% lower on its value in year-to-date trading and has touched a low of $44.46 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 $47.48 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $47.30, the stock is -16.26% and -19.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -0.38% at the moment leaves the stock -31.28% off its SMA200. EDU registered -40.23% loss for a year compared to 6-month loss of -32.10%. The firm has a 50-day simple moving average (SMA 50) of $58.8736 and a 200-day simple moving average (SMA200) of $69.21235.
The stock witnessed a -26.04% gain in the last 1 month and extending the period to 3 months gives it a -22.14%, and is 2.54% 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 3.48% over the week and 3.69% over the month.
New Oriental Education & Technology Group Inc. ADR (EDU) has around 75005 employees, a market worth around $7.73B and $4.82B in sales. Current P/E ratio is 20.07 and Fwd P/E is 12.86. Profit margin for the company is 8.13%. Distance from 52-week low is 6.39% and -51.35% from its 52-week high. The company has generated returns on investments over the last 12 months (9.31%).
with sales reaching $1.23B over the same period.The EPS is expected to grow by 26.90% this year, but quarterly earnings will post 15.75% year-over-year. Quarterly sales are estimated to grow 2.04% in year-over-year returns.
The shares outstanding are 163.53M, and float is at 158.65M with Short Float at 4.81%.
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.
