TAL Education Group ADR (NYSE: TAL): Up 4.37% In 2024, Outlook Remains Positive

The trading price of TAL Education Group ADR (NYSE:TAL) floating higher at last check on current market day and closing at $9.91, 0.76% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $9.76 and $9.94. The company’s P/E ratio in the trailing 12-month period was 84.96, while its 5Y monthly beta was 0.033. In examining the 52-week price action we see that the stock hit a 52-week high of $15.52 and a 52-week low of $7.34. Over the past month, the stock has lost -4.48% in value.

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TAL Education Group ADR, whose market valuation is $4.54 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Jan-23. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest TAL 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% Sell.

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 TAL a recommendation rating is 10. Out of them, 3 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged TAL Education Group ADR (TAL) 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.

A quick review shows that TAL’s price is currently -7.76% off the SMA20 and -2.45% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.11, and weekly volatility stands at 5.40%. When measured over the past 30 days, the indicator reaches 5.54%. TAL Education Group ADR (NYSE:TAL)’s beta value is currently sitting at 0.02, while the Average True Range indicator is currently displaying 0.60. With analysts defining $3.9-$68 as the low and high price targets, we arrive at a consensus price target of $14.35 for the trailing 12-month period. The current price is about 60.65% off the estimated low and -586.18% off the forecast high, based on this estimate. Investors will be thrilled if TAL’s share price rises to $14.350000000000001, which is the median consensus price. At that level, TAL’s share price would be -44.8% below current price.

To see how TAL Education Group ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: TAL stock’s performance was 0.76% at last check in today’s session, and 4.37% in the past year. TAL Education Group ADR has a P/E ratio of 84.96.

An evaluation of the daily trading volume of TAL Education Group ADR (NYSE:TAL) indicates that the 3-month average is 7.61 million. However, this figure has increased over the past 10 days to an average of 6.39.

Currently, records show that 456.77 million of the company’s shares remain outstanding. The insiders hold 2.97% of outstanding shares, whereas institutions hold 63.27%. The stats also highlight that short interest as of 2024-10-31, stood at 36.86 million shares, resulting in a short ratio of 3.61 at that time. From this, we can conclude that short interest is 921.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 31.06 million. However, since the stock’s price has seen -21.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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