New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) is -28.14% lower on its value in year-to-date trading and has touched a low of $40.66 and a high of $88.45 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 $44.09 in the last trading session, with the day’s gains setting it 2.03%.
Currently trading at $46.12, the stock is 2.34% and -3.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.25 million and changing 4.60% at the moment leaves the stock -22.47% off its SMA200. EDU registered -47.01% loss for a year compared to 6-month loss of -32.18%. The firm has a 50-day simple moving average (SMA 50) of $47.9214 and a 200-day simple moving average (SMA200) of $59.6362.
The stock witnessed a -0.75% gain in the last 1 month and extending the period to 3 months gives it a -1.35%, and is 4.37% 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 4.67% over the week and 4.62% over the month.
New Oriental Education & Technology Group Inc. ADR (EDU) has around 75005 employees, a market worth around $7.54B and $4.79B in sales. Current P/E ratio is 19.44 and Fwd P/E is 13.23. Profit margin for the company is 8.17%. Distance from 52-week low is 13.43% and -47.86% from its 52-week high. The company has generated returns on investments over the last 12 months (9.36%).
with sales reaching $1.17B over the same period.The EPS is expected to grow by 22.95% this year, but quarterly earnings will post 13.06% year-over-year. Quarterly sales are estimated to grow 3.24% in year-over-year returns.
310.0 institutions hold shares in New Oriental Education & Technology Group Inc. ADR (EDU), with institutional investors hold 49.98% of the company’s shares. The shares outstanding are 163.53M, and float is at 155.98M with Short Float at 5.37%. Institutions hold 48.93% 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.
