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TAL Education Group (TAL) Is Touching $4.96: At This Price, The Risk Is Justified.

TAL Education Group (NYSE:TAL) concluded the trading at $4.96 on Thursday, September 22 with a fall of -1.39% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $5.03 and 5Y monthly beta was reading -0.15 with its price kept floating in the range of $4.91 and $5.12 on the day. Considering stock’s 52-week price range provides that TAL hit a high price of $6.72 and saw its price falling to a low level of $1.60 during that period. Over a period of past 1-month, stock came adding 6.44% in its value.

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With its current market valuation of $3.38 billion, TAL Education Group is set to declare its quarterly results on Apr 20, 2022 – Apr 25, 2022. Analysts are in estimates of -$0.05 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.14 for 2023 with estimates of that growing to $0.04 in next year. These estimates are suggesting current year growth of 90.60% for EPS and 128.60% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $216.46 million. They suggested that in the process company could generate revenue of as low as $216.46 million which could climb up to $216.46 million to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $922.36 million in 2023, which will be -79.00% less from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TAL stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 100% Buy for it.

According to ratings assigned by 11 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 5 of them are recommending TAL Education Group (TAL) as a Hold, while 5 are in view that stock is a Buy. Recommendation by 1 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the TAL stock which is currently positioned at 0. It further provides that stock’s current price level is -10.60% away from its 20-day simple moving average and is -1.05% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 43.84 while volatility remained at 4.42% over the past week which changes to 6.65% when measuring it over the past month. Beta is valued at -0.20, while measure of average true range or ATR is currently at 0.31.

In comparing TAL Education Group (TAL)’s stock with other industry players reveals that stock’s current price change of -1.39% and that of 3.33% over the past 12 months is in competing position with that of ATA Creativity Global (AACG) which saw its stock price fall by -2.02% in the last trading and went through a decrease of -20.49% in past 12-month trading. Industry’s another major player New Oriental Education & Technology Group Inc. (EDU) has rise 0.50% up in previous session, but over the past year has faced a rise of 11.36% over the same period. TAL Education Group has a P/E ratio of 0. On the other hand, the S&P 500 Index was down -0.84% in the last trading session while the Dow Jones Industrial closed the session lower at -0.35%.

Having a second look at TAL Education Group (NYSE:TAL) provides that stock’s average daily trading volume for 3 months was 6.78 million, while it jumped to 4.01 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 646.34 million.

The percentage of outstanding shares held by the insiders is 83.90% while it is 62.70% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 48.08 million which implies a short ratio of 6.14. This shows up a 7.41% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 26.2 million in the previous month. Addition of 26.21% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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