New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) shares, rose in value, with the stock price up by 0.87% to the previous day’s close as strong demand from buyers drove the stock to $75.71.
Actively observing the price movement in the last trading, the stock closed the session at $75.06, falling within a range of $73.2 and $76.23. The value of beta (5-year monthly) was 0.466 whereas the PE ratio was 40.79 over 12-month period. Referring to stock’s 52-week performance, its high was $97.23, and the low was $57.87. On the whole, EDU has fluctuated by 27.22% over the past month.
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With the market capitalization of New Oriental Education & Technology Group Inc. ADR currently standing at about $12.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.23B, with a low estimate of 1.36B and a high estimate of 1.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.44B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EDU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.17, with the price of EDU currently trading nearly 7.41% and 13.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.54, while the 7-day volatility ratio is showing 4.06% which for the 30-day chart, stands at 4.94%. Furthermore, New Oriental Education & Technology Group Inc. ADR (EDU)’s beta value is 0.46, and its average true range (ATR) is 3.96.
A comparison of New Oriental Education & Technology Group Inc. ADR (EDU) with its peers suggests the former has fared considerably weaker in the market. EDU showed an intraday change of 0.87% in last session, and over the past year, it grew by 18.68%%.
Data on historical trading for New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) indicates that the trading volumes over the past 10 days have averaged 3.0 and over the past 3 months, they’ve averaged 2.30 million. According to company’s latest data on outstanding shares, there are 164.75 million shares outstanding.
Nearly 2.00% of New Oriental Education & Technology Group Inc. ADR’s shares belong to company insiders and institutional investors own 42.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.14 million shares as on 2024-09-30, resulting in a short ratio of 2.47. According to the data, the short interest in New Oriental Education & Technology Group Inc. ADR (EDU) stood at 440.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 5.67 million. The stock has risen by 4.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EDU stock heading into the next quarter.
