The trading price of New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) closed lower on current market day and closing at $79.56, -1.29% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $77.96 and $82.675. The company’s P/E ratio in the trailing 12-month period was 42.87, while its 5Y monthly beta was 0.466. In examining the 52-week price action we see that the stock hit a 52-week high of $97.23 and a 52-week low of $57.86. Over the past month, the stock has gained 32.18% in value.
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New Oriental Education & Technology Group Inc. ADR, whose market valuation is $13.01 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest EDU has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned EDU a recommendation rating is 7. Out of them, 0 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged New Oriental Education & Technology Group Inc. ADR (EDU) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.22, which symbolizes a positive outlook. A quick review shows that EDU’s price is currently 19.52% off the SMA20 and 20.46% off the SMA50. The RSI metric on the 14-day chart is currently showing 70.74, and weekly volatility stands at 6.76%. When measured over the past 30 days, the indicator reaches 4.75%. New Oriental Education & Technology Group Inc. ADR (NYSE:EDU)’s beta value is currently sitting at 0.46, while the Average True Range indicator is currently displaying 4.21. With analysts defining $32-$119.5 as the low and high price targets, we arrive at a consensus price target of $36.6 for the trailing 12-month period. The current price is about 59.78% off the estimated low and -50.2% off the forecast high, based on this estimate. Investors will be thrilled if EDU’s share price rises to $36.6, which is the median consensus price. At that level, EDU’s share price would be 54.0% above current price.
To see how New Oriental Education & Technology Group Inc. ADR stock has been performing in comparison to its peers in the industry, here are the numbers: EDU stock’s performance was -1.29% in the latest trading, and 36.19% in the past year. New Oriental Education & Technology Group Inc. ADR has a P/E ratio of 42.87.
An evaluation of the daily trading volume of New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) indicates that the 3-month average is 2.24 million. However, this figure has increased over the past 10 days to an average of 3.57.
Currently, records show that 164.75 million of the company’s shares remain outstanding. The insiders hold 1.97% of outstanding shares, whereas institutions hold 42.38%. The stats also highlight that short interest as of 2024-09-13, stood at 5.88 million shares, resulting in a short ratio of 3.4 at that time. From this, we can conclude that short interest is 410.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were up slightly from the previous month’s figure, which was 5.4 million. However, since the stock’s price has seen 9.65% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
