What Lies Ahead For TAL Education Group ADR (NYSE: TAL) In 2024?

TAL Education Group ADR (NYSE:TAL) shares, rose in value on Thursday, December 12, with the stock price down by -0.10% to the previous day’s close as strong demand from buyers drove the stock to $10.30.

Actively observing the price movement in the last trading, the stock closed the session at $10.31, falling within a range of $10.185 and $10.46. The value of beta (5-year monthly) was 0.033 whereas the PE ratio was 88.26 over 12-month period. Referring to stock’s 52-week performance, its high was $15.52, and the low was $7.34. On the whole, TAL has fluctuated by 2.39% over the past month.

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With the market capitalization of TAL Education Group ADR currently standing at about $4.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TAL’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 Hold while long-term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the price of TAL currently trading nearly 1.70% and -2.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.71, while the 7-day volatility ratio is showing 3.48% which for the 30-day chart, stands at 4.06%. Furthermore, TAL Education Group ADR (TAL)’s beta value is -0.01, and its average true range (ATR) is 0.51.

A comparison of TAL Education Group ADR (TAL) with its peers suggests the former has fared considerably weaker in the market. TAL showed an intraday change of -0.10% in last session, and over the past year, it shrunk by -15.37%%.

Data on historical trading for TAL Education Group ADR (NYSE:TAL) indicates that the trading volumes over the past 10 days have averaged 7.44 and over the past 3 months, they’ve averaged 8.75 million. According to company’s latest data on outstanding shares, there are 458.10 million shares outstanding.

Nearly 3.01% of TAL Education Group ADR’s shares belong to company insiders and institutional investors own 63.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 39.95 million shares as on 2024-11-29, resulting in a short ratio of 6.05. According to the data, the short interest in TAL Education Group ADR (TAL) stood at 998.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 36.86 million. The stock has fallen by -18.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TAL stock heading into the next quarter.

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