New Oriental Education & Technology Group Inc. [EDU] Revenue clocked in at $3.11 billion, up 24.43% YTD: What’s Next?

New Oriental Education & Technology Group Inc. [NYSE: EDU] traded at a low on 10/06/22, posting a -0.95 loss after which it closed the day’ session at $26.13. The company report on September 30, 2022 that New Oriental to Report First Quarter 2023 Financial Results on October 26, 2022.

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New Oriental Education and Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the first quarter ended August 31, 2022, before the U.S. market opens on October 26, 2022. New Oriental’s management will host an earnings conference call at 8 AM on October 26, 2022, U.S. Eastern Time (8 PM on October 26, 2022, Beijing/Hong Kong Time). Participants can join the conference using the below options:.

The results of the trading session contributed to over 4310408 shares changing hands. Over the past one week, the price volatility of New Oriental Education & Technology Group Inc. stands at 4.93% while the volatility over the past one month is 5.16%.

The market cap for EDU stock reached $4.65 billion, with 169.70 million shares outstanding and 166.44 million shares in the current float. Compared to the average trading volume of 2.40M shares, EDU reached a trading volume of 4310408 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 $34.39 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 2.10. 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.

BofA Securities have made an estimate for New Oriental Education & Technology Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 29, 2022. The new note on the price target was released on July 28, 2022, representing the official price target for New Oriental Education & Technology Group Inc. stock. On June 13, 2022, analysts increased their price target for EDU shares from 14 to 24.

The Average True Range (ATR) for New Oriental Education & Technology Group Inc. is set at 1.43, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 23.53.

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 3.86. With this latest performance, EDU shares gained by 0.04% in over the last four-week period, additionally plugging by 107.38% over the last 6 months – not to mention a rise of 22.68% 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 55.81, with the RSI for the last a single of trading hit 59.61, and the three-weeks RSI is set at 54.55 for New Oriental Education & Technology Group Inc. [EDU]. The present Moving Average for the last 50 days of trading for this stock 25.69, while it was recorded at 25.53 for the last single week of trading, and 18.05 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 -31.64 and a Gross Margin at +43.51. New Oriental Education & Technology Group Inc.’s Net Margin is presently recorded at -38.25.

Return on Total Capital for EDU is now -16.87, given the latest momentum, and Return on Invested Capital for the company is -22.05. Return on Equity for this stock declined to -27.56, with Return on Assets sitting at -14.68. 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 18.36. Additionally, EDU Total Debt to Total Capital is recorded at 15.51, with Total Debt to Total Assets ending up at 11.28. Long-Term Debt to Equity for the company is recorded at 13.81, with the Long-Term Debt to Total Capital now at 11.67.

Receivables Turnover for the company is 32.29 with a Total Asset Turnover recorded at a value of 0.38.New Oriental Education & Technology Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.60 and a Current Ratio set at 2.60.

Earnings analysis for New Oriental Education & Technology Group Inc. [EDU]

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%.

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

There are presently around $2,071 million, or 54.40% of EDU stock, in the hands of institutional investors. The top three institutional holders of EDU stocks are: BAUPOST GROUP LLC/MA with ownership of 8,000,000, which is approximately New of the company’s market cap and around 0.20% of the total institutional ownership; ALKEON CAPITAL MANAGEMENT LLC, holding 7,142,085 shares of the stock with an approximate value of $186.62 million in EDU stocks shares; and MORGAN STANLEY, currently with $130.26 million in EDU stock with ownership of nearly -49.986% of the company’s market capitalization.

Positions in New Oriental Education & Technology Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 75 institutional holders increased their position in New Oriental Education & Technology Group Inc. [NYSE:EDU] by around 23,995,098 shares. Additionally, 150 investors decreased positions by around 57,303,932 shares, while 10 investors held positions by with 2,030,086 shares. The mentioned changes placed institutional holdings at 79,268,944 shares, according to the latest SEC report filing. EDU stock had 40 new institutional investments in for a total of 15,261,851 shares, while 88 institutional investors sold positions of 24,767,194 shares during the same period.


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