New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) is -22.67% lower on its value in year-to-date trading and has touched a low of $40.66 and a high of $87.26 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 $55.50 in the last trading session, with the day’s loss setting it -54.28%.
Currently trading at $1.22M, the stock is 13.50% and 14.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 1393107% at the moment leaves the stock -1.08% off its SMA200. EDU registered -14.90% loss for a year compared to 6-month loss of -9.03%. The firm has a 50-day simple moving average (SMA 50) of $47.6094 and a 200-day simple moving average (SMA200) of $55.218.
The stock witnessed a 17.59% gain in the last 1 month and extending the period to 3 months gives it a 17.54%, and is 15.23% 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 6.44% over the week and 3.66% over the month.
New Oriental Education & Technology Group Inc. ADR (EDU) has around 75005 employees, a market worth around $8.93B and $4.79B in sales. Current P/E ratio is 23.02 and Fwd P/E is 16.09. Profit margin for the company is 8.17%. Distance from 52-week low is 34.33% and -37.41% from its 52-week high. The company has generated returns on investments over the last 12 months (9.36%).
The EPS is expected to grow by 20.21% this year
259.0 institutions hold shares in New Oriental Education & Technology Group Inc. ADR (EDU), with institutional investors hold 45.58% of the company’s shares. The shares outstanding are 163.53M, and float is at 157.55M with Short Float at 4.11%. Institutions hold 44.62% 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.
