New Oriental Education & Technology Group Inc. [NYSE: EDU] loss -3.76% or -0.81 points to close at $20.76 with a heavy trading volume of 11459530 shares. 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.
It opened the trading session at $19.91, the shares rose to $20.78 and dropped to $19.20, the range by which the price of stock traded the whole day. The daily chart for EDU points out that the company has recorded -3.89% loss over the past six months. However, it is still -147.14% lower than its most recent low trading price.
If we look at the average trading volume of 6.02M shares, EDU reached to a volume of 11459530 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDU shares is $32.58 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 2.30. 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 Overweight, with their previous recommendation back on June 13, 2022. The new note on the price target was released on June 06, 2022, representing the official price target for New Oriental Education & Technology Group Inc. stock. Previously, the target price had yet another drop from $35 to $14, while JP Morgan kept a Neutral rating on EDU stock. On April 27, 2022, analysts decreased their price target for EDU shares from 15 to 11.20.
The Average True Range (ATR) for New Oriental Education & Technology Group Inc. is set at 1.79, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 0.95. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 25.46.
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 21.40. With this latest performance, EDU shares gained by 65.42% in over the last four-week period, additionally sinking by -3.89% over the last 6 months – not to mention a drop of -74.37% 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 66.13, with the RSI for the last a single of trading hit 65.86, and the three-weeks RSI is set at 64.92 for New Oriental Education & Technology Group Inc. [EDU]. The present Moving Average for the last 50 days of trading for this stock 13.00, while it was recorded at 21.81 for the last single week of trading, and 16.90 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 +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.
New Oriental Education & Technology Group Inc. [EDU]: An earnings per share (EPS) analysis
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 14.81%.
An analysis of insider ownership at New Oriental Education & Technology Group Inc. [EDU]
There are presently around $2,443 million, or 65.30% of EDU stock, in the hands of institutional investors. The top three institutional holders of EDU stocks are: MORGAN STANLEY with ownership of 9,967,682, which is approximately -1.521% of the company’s market cap and around 0.20% of the total institutional ownership; MARSHALL WACE, LLP, holding 8,743,900 shares of the stock with an approximate value of $188.61 million in EDU stocks shares; and GOLDMAN SACHS GROUP INC, currently with $160.17 million in EDU stock with ownership of nearly 51.962% of the company’s market capitalization.
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 87 institutional holders increased their position in New Oriental Education & Technology Group Inc. [NYSE:EDU] by around 32,493,345 shares. Additionally, 148 investors decreased positions by around 19,992,203 shares, while 37 investors held positions by with 60,762,753 shares. The mentioned changes placed institutional holdings at 113,248,301 shares, according to the latest SEC report filing. EDU stock had 25 new institutional investments in for a total of 2,444,867 shares, while 73 institutional investors sold positions of 11,846,598 shares during the same period.