New Oriental Education & Technology Group Inc. [EDU] Is Currently -1.95 below its 200 Period Moving Avg: What Dose This Mean?

New Oriental Education & Technology Group Inc. [NYSE: EDU] loss -1.95% or -0.19 points to close at $9.54 with a heavy trading volume of 22564278 shares. The company report on April 20, 2021 that New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2021.

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Quarterly Net Revenues Increased by 29.0% Year-Over-Year.

Quarterly Student Enrollments Increased by 43.0% Year-Over-Year.

It opened the trading session at $9.88, the shares rose to $9.93 and dropped to $9.33, the range by which the price of stock traded the whole day. The daily chart for EDU points out that the company has recorded -40.52% loss over the past six months. However, it is still -23.74% lower than its most recent low trading price.

If we look at the average trading volume of 25.63M shares, EDU reached to a volume of 22564278 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about New Oriental Education & Technology Group Inc. [EDU]:

Credit Suisse have made an estimate for New Oriental Education & Technology Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 07, 2021. While these analysts kept the previous recommendation, CLSA raised their target price to Outperform. The new note on the price target was released on April 15, 2021, representing the official price target for New Oriental Education & Technology Group Inc. stock. Previously, the target price had yet another raise to $175, while Jefferies analysts kept a Buy rating on EDU stock.

The Average True Range (ATR) for New Oriental Education & Technology Group Inc. is set at 0.95, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 4.32. The Price to Book ratio for the last quarter was 3.28, with the Price to Cash per share for the same quarter was set at 3.48.

Trading performance analysis for EDU stock

New Oriental Education & Technology Group Inc. [EDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.47. With this latest performance, EDU shares dropped by -29.07% in over the last four-week period, additionally sinking by -40.52% over the last 6 months – not to mention a drop of -25.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EDU stock in for the last two-week period is set at 38.66, with the RSI for the last a single of trading hit 41.42, and the three-weeks RSI is set at 37.77 for New Oriental Education & Technology Group Inc. [EDU]. The present Moving Average for the last 50 days of trading for this stock 13.13, while it was recorded at 9.14 for the last single week of trading, and 15.87 for the last 200 days.

New Oriental Education & Technology Group Inc. [EDU]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and New Oriental Education & Technology Group Inc. [EDU] shares currently have an operating margin of +11.15 and a Gross Margin at +55.60. New Oriental Education & Technology Group Inc.’s Net Margin is presently recorded at +11.55.

Return on Total Capital for EDU is now 11.31, given the latest momentum, and Return on Invested Capital for the company is 12.97. Return on Equity for this stock inclined to 16.25, with Return on Assets sitting at 7.39. When it comes to the capital structure of this company, New Oriental Education & Technology Group Inc. [EDU] has a Total Debt to Total Equity ratio set at 57.81. Additionally, EDU Total Debt to Total Capital is recorded at 36.63, with Total Debt to Total Assets ending up at 24.10. Long-Term Debt to Equity for the company is recorded at 43.75, with the Long-Term Debt to Total Capital now at 27.72.

Receivables Turnover for the company is 36.36 with a Total Asset Turnover recorded at a value of 0.64.New Oriental Education & Technology Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

New Oriental Education & Technology Group Inc. [EDU]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, New Oriental Education & Technology Group Inc. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EDU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New Oriental Education & Technology Group Inc. go to 23.79%.

An analysis of insider ownership at New Oriental Education & Technology Group Inc. [EDU]

There are presently around $12,431 million, or 82.40% of EDU stock, in the hands of institutional investors. The top three institutional holders of EDU stocks are: BLACKROCK INC. with ownership of 83,842,700, which is approximately 11.255% of the company’s market cap and around 0.20% of the total institutional ownership; DAVIS SELECTED ADVISERS, holding 70,536,201 shares of the stock with an approximate value of $672.91 million in EDU stocks shares; and SCHRODER INVESTMENT MANAGEMENT GROUP, currently with $664.52 million in EDU stock with ownership of nearly 13.916% of the company’s market capitalization.

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Positions in New Oriental Education & Technology Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 236 institutional holders increased their position in New Oriental Education & Technology Group Inc. [NYSE:EDU] by around 176,673,337 shares. Additionally, 209 investors decreased positions by around 247,174,348 shares, while 50 investors held positions by with 879,173,854 shares. The mentioned changes placed institutional holdings at 1,303,021,539 shares, according to the latest SEC report filing. EDU stock had 62 new institutional investments in for a total of 24,694,136 shares, while 63 institutional investors sold positions of 37,341,830 shares during the same period.

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