The trading price of New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) floating higher at last check on Tuesday, August 06, closing at $71.83, 10.05% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 38.70. In examining the 52-week price action we see that the stock hit a 52-week high of $98.20 and a 52-week low of $49.94. Over the past month, the stock has lost -9.19% in value.
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New Oriental Education & Technology Group Inc. ADR, whose market valuation is $11.89 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.55 per share this quarter, however they have predicted annual earnings per share of 2.56 for current year and 3.44 for next year.
Analysts have forecast the company to bring in revenue of 1.48B for the current quarter, with the likely lows of 1.36B and highs of 1.54B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 5.34B.
On the technical side, indicators suggest EDU has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 133.45, which symbolizes a positive outlook. A quick review shows that EDU’s price is currently -0.18% off the SMA20 and -4.81% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.04, and weekly volatility stands at 7.44%. When measured over the past 30 days, the indicator reaches 4.34%. New Oriental Education & Technology Group Inc. ADR (NYSE:EDU)’s beta value is currently sitting at 0.43, while the Average True Range indicator is currently displaying 3.71.
To see how New Oriental Education & Technology Group Inc. ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: EDU stock’s performance was 10.05% at last check in today’s session, and 25.05% in the past year. New Oriental Education & Technology Group Inc. ADR has a P/E ratio of 38.70.
An evaluation of the daily trading volume of New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) indicates that the 3-month average is 1.69 million.
Currently, records show that 165.51 million of the company’s shares remain outstanding. The insiders hold 0.02% of outstanding shares, whereas institutions hold 46.08%. However, since the stock’s price has seen -1.98% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
