Market Analysts see New Oriental Education & Technology Group Inc. [EDU] falling to $14. Time to buy?


New Oriental Education & Technology Group Inc. [NYSE: EDU] traded at a low on 05/05/22, posting a -4.28 loss after which it closed the day’ session at $12.51. The company report on April 26, 2022 that New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2022.

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New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the third fiscal quarter ended February 28, 2022, which is the third quarter of New Oriental’s fiscal year 2022.

Financial Highlights for the Third Fiscal Quarter Ended February 28, 2022.

The results of the trading session contributed to over 6008161 shares changing hands. Over the past one week, the price volatility of New Oriental Education & Technology Group Inc. stands at 6.68% while the volatility over the past one month is 6.88%.

The market cap for EDU stock reached $1.90 billion, with 1.70 billion shares outstanding and 1.46 billion shares in the current float. Compared to the average trading volume of 4.61M shares, EDU reached a trading volume of 6008161 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about New Oriental Education & Technology Group Inc. [EDU]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDU shares is $31.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EDU stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan 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 May 02, 2022. While these analysts kept the previous recommendation, CLSA dropped their target price from $15 to $11.20. The new note on the price target was released on April 27, 2022, representing the official price target for New Oriental Education & Technology Group Inc. stock. On August 30, 2021, analysts decreased their price target for EDU shares from 8.60 to 3.50.

The Average True Range (ATR) for New Oriental Education & Technology Group Inc. is set at 0.85, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 0.54, with the Price to Cash per share for the same quarter was set at 28.99.

How has EDU stock performed recently?

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 11.20. With this latest performance, EDU shares gained by 0.08% in over the last four-week period, additionally sinking by -38.98% over the last 6 months – not to mention a drop of -91.55% 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 55.08, with the RSI for the last a single of trading hit 59.02, and the three-weeks RSI is set at 51.89 for New Oriental Education & Technology Group Inc. [EDU]. The present Moving Average for the last 50 days of trading for this stock 12.00, while it was recorded at 12.83 for the last single week of trading, and 18.22 for the last 200 days.

New Oriental Education & Technology Group Inc. [EDU]: Deeper insight into the fundamentals

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 +3.49 and a Gross Margin at +52.37. New Oriental Education & Technology Group Inc.’s Net Margin is presently recorded at +7.82.

Return on Total Capital for EDU is now 2.56, given the latest momentum, and Return on Invested Capital for the company is 6.37. Return on Equity for this stock inclined to 8.74, with Return on Assets sitting at 4.00. 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 44.01. Additionally, EDU Total Debt to Total Capital is recorded at 30.56, with Total Debt to Total Assets ending up at 21.30. Long-Term Debt to Equity for the company is recorded at 33.55, with the Long-Term Debt to Total Capital now at 23.30.

Reflecting on the efficiency of the workforce at the company, New Oriental Education & Technology Group Inc. [EDU] managed to generate an average of $24,650 per employee. Receivables Turnover for the company is 36.38 with a Total Asset Turnover recorded at a value of 0.51.New Oriental Education & Technology Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

Insider trade positions for New Oriental Education & Technology Group Inc. [EDU]

There are presently around $1,297 million, or 66.50% of EDU stock, in the hands of institutional investors. The top three institutional holders of EDU stocks are: MORGAN STANLEY with ownership of 10,121,637, which is approximately 84.989% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 6,283,612 shares of the stock with an approximate value of $82.13 million in EDU stocks shares; and VANGUARD GROUP INC, currently with $66.21 million in EDU stock with ownership of nearly -6.431% of the company’s market capitalization.

111 institutional holders increased their position in New Oriental Education & Technology Group Inc. [NYSE:EDU] by around 26,004,418 shares. Additionally, 157 investors decreased positions by around 23,924,666 shares, while 36 investors held positions by with 49,323,354 shares. The mentioned changes placed institutional holdings at 99,252,438 shares, according to the latest SEC report filing. EDU stock had 38 new institutional investments in for a total of 2,003,117 shares, while 74 institutional investors sold positions of 7,700,738 shares during the same period.