TAL Education Group ADR (NYSE:TAL) shares, rose in value, with the stock price up by 7.92% to the previous day’s close as strong demand from buyers drove the stock to $13.76.
Actively observing the price movement in the last trading, the stock closed the session at $12.75. The PE ratio was 70.89 over 12-month period. Referring to stock’s 52-week performance, its high was $15.30, and the low was $7.34. On the whole, TAL has fluctuated by 10.79% over the past month.
With the market capitalization of TAL Education Group ADR currently standing at about $6.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.27B, with a low estimate of 612.62M and a high estimate of 676M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 639.89M.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TAL currently trading nearly 0.86% and 17.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.10, while the 7-day volatility ratio is showing 5.53% which for the 30-day chart, stands at 5.10%. Furthermore, TAL Education Group ADR (TAL)’s beta value is 0.04, and its average true range (ATR) is 0.73.
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 7.92% in last session, and over the past year, it shrunk by -7.15%%. In comparison, ATA Creativity Global ADR (AACG) has moved lower at -0.67%% on the day and was down -48.80% over the past 12 months. On the other hand, the price of New Oriental Education & Technology Group Inc. ADR (EDU) has risen 6.37%% on the day. The stock, however, is off -48.53% from where it was a year ago.
Data on historical trading for TAL Education Group ADR (NYSE:TAL) indicates that the trading volumes over the past 3 months, they’ve averaged 7.33 million. According to company’s latest data on outstanding shares, there are 458.10 million shares outstanding.
Nearly 3.20% of TAL Education Group ADR’s shares belong to company insiders and institutional investors own 62.84% of the company’s shares. The stock has risen by 37.33% 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.
