New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) is -24.29% lower on its value in year-to-date trading and has touched a low of $44.46 and a high of $90.14 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 $47.94 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $48.59, the stock is -0.78% and -1.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 1.36% at the moment leaves the stock -21.47% off its SMA200. EDU registered -43.92% loss for a year compared to 6-month loss of -35.93%. The firm has a 50-day simple moving average (SMA 50) of $49.2058 and a 200-day simple moving average (SMA200) of $62.07495.
The stock witnessed a 5.56% gain in the last 1 month and extending the period to 3 months gives it a -22.84%, and is 2.71% 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 3.57% over the week and 3.04% over the month.
New Oriental Education & Technology Group Inc. ADR (EDU) has around 75005 employees, a market worth around $7.95B and $4.82B in sales. Current P/E ratio is 20.61 and Fwd P/E is 13.75. Profit margin for the company is 8.13%. Distance from 52-week low is 9.29% and -46.10% from its 52-week high. The company has generated returns on investments over the last 12 months (9.31%).
with sales reaching $1.24B over the same period.The EPS is expected to grow by 24.85% this year, but quarterly earnings will post 15.57% year-over-year. Quarterly sales are estimated to grow 2.47% in year-over-year returns.
313.0 institutions hold shares in New Oriental Education & Technology Group Inc. ADR (EDU), with institutional investors hold 47.17% of the company’s shares. The shares outstanding are 163.53M, and float is at 155.98M with Short Float at 5.38%. Institutions hold 46.19% of the Float.
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 3.9106 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 2.3986 of the shares outstanding. The other top investors are FMR LLC which holds 3.68 million shares representing 2.2244 and valued at over $285.91 million, while ASPEX MANAGEMENT (HK) LTD holds 1.9592 of the shares totaling 3.24 million with a market value of $251.82 million.
