New Oriental Education & Technology Group Inc. (NYSE:EDU) traded at $164.9 at last check on Friday, Oct 16, making a downturn move of -0.05% on its previous day’s price.
Looking at the stock we see that its previous close was $164.98 and the beta (5Y monthly) reads 1.05 with the day’s price range being $164.40 – 167.17. The company has a 12-month trailing PE ratio of 63.64. In terms of its 52-week price range, EDU has a high of $173.37 and a low of $102.01. The company’s stock has gained about 6.77% over that past 30 days.
New has a market cap of $25.87 Billion and is expected to release its quarterly earnings report on October 13, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the EDU stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.35, with the EPS growth for the year raised at $3.69 for 2020 and $5.23 for next year. These figures represent 0.22% and at 0.42% growth in EPS for the two years respectively.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the EDU stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 31 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the New Oriental Education & Technology Group Inc. (EDU) stock as a Hold, while 29 rate it as a Buy. 2 analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the EDU stock currently stands at 2, and the current price level is 4.73% off its SMA20 and 10.02% from its 50-day simple moving average. The RSI (14) is pointing at 61.86 while the volatility over the past week is 3.14% and drops to 3.1% over the past one month. The beta value is 1.05, while the average true range (ATR) is currently pointing at 5.2. The average price target for the stock over the next 12 months is $188.33, with the estimates having a low of $145.5 and a high of $209. These price ends are -11.76% and +26.74% off the current price level respectively, although investors could be excited at the prospect of a +14.61% if the EDU share price touches on the median price of $189.
Let’s briefly compare New (EDU) stock to its peers. We find that today’s price change of -0.05% and +43.52% over the past 12 months for EDU competes that of Tal Education Group (TAL), which has seen its stock price fall -0.35% in the latest trading session and is +102.98% over the last one year. Another of its peers Bright Horizons Family Solutions Inc (BFAM) has climbed 0.65% today, and is +4.97% up over the past year, while Grand Canyon Educati (LOPE) is also down -0.05% yet its price remains in the green at 43.52% over the same period. Tal has a P/E ratio of 0 compared to New’s 63.64 and Bright’s 77.74. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.01% and 0.39%, respectively, in early deals.
Coming back to New Oriental Education & Technology Group Inc. (NYSE:EDU), we note that the average 3-month trading volume was 929.6 Million, while that of the preceding 10-day period stands at 1.01 Million. Current shares outstanding are 159.11 Million.
According to data from Thomson Reuters, insiders hold 0.06% of the company’s shares while institutions hold 86.21%. The data shows that short shares as of September 29, 2020, stood at 3.59 Million at a short ratio of 4.21. This represents a 2.26% Short interest in Shares outstanding on September 29, 2020. Shares short dropped in September from the previous month at 3.67 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +36% up in year-to-date price movement.