New Oriental Education & Technology Group Inc. [NYSE: EDU] price plunged by -3.47 percent to reach at -$1.41. The company report on January 17, 2023 that New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2022.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
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 second fiscal quarter ended November 30, 2022, which is the second quarter of New Oriental’s fiscal year 2023.
Financial Highlights for the Second Fiscal Quarter Ended November 30, 2022.
A sum of 5832399 shares traded at recent session while its average daily volume was at 2.59M shares. New Oriental Education & Technology Group Inc. shares reached a high of $39.36 and dropped to a low of $34.50 until finishing in the latest session at $39.26.
The one-year EDU stock forecast points to a potential upside of 22.81. The average equity rating for EDU stock is currently 1.50, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $50.86 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 1.50. 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.
Citigroup 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 December 30, 2022. The new note on the price target was released on October 27, 2022, representing the official price target for New Oriental Education & Technology Group Inc. stock. Previously, the target price had yet another raise from $18.80 to $36.60, while BofA Securities kept a Buy rating on EDU stock.
The Average True Range (ATR) for New Oriental Education & Technology Group Inc. is set at 2.61, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 1.84, with the Price to Cash per share for the same quarter was set at 25.48. Price to Free Cash Flow for EDU in the course of the last twelve months was 42.30 with Quick ratio for the last quarter at 2.40.
EDU Stock Performance Analysis:
New Oriental Education & Technology Group Inc. [EDU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.65. With this latest performance, EDU shares dropped by -1.36% in over the last four-week period, additionally plugging by 45.73% over the last 6 months – not to mention a rise of 284.90% 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 45.48, with the RSI for the last a single of trading hit 42.59, and the three-weeks RSI is set at 47.79 for New Oriental Education & Technology Group Inc. [EDU]. The present Moving Average for the last 50 days of trading for this stock 41.01, while it was recorded at 39.96 for the last single week of trading, and 29.01 for the last 200 days.
Insight into New Oriental Education & Technology Group Inc. 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 -17.61 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 -9.39, 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.
Reflecting on the efficiency of the workforce at the company, New Oriental Education & Technology Group Inc. [EDU] managed to generate an average of -$174,499 per employee. Receivables Turnover for the company is 20.96 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 2.40 and a Current Ratio set at 2.40.
EDU Stock EPS
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%.
New Oriental Education & Technology Group Inc. [EDU] Insider Position Details
There are presently around $2,643 million, or 55.60% 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 5,793,928, which is approximately -24.614% of the company’s market cap and around 0.20% of the total institutional ownership; FENGHE FUND MANAGEMENT PTE. LTD., holding 5,707,586 shares of the stock with an approximate value of $224.08 million in EDU stocks shares; and KEYWISE CAPITAL MANAGEMENT (HK) LTD, currently with $155.97 million in EDU stock with ownership of nearly 0.265% of the company’s market capitalization.
Positions in New Oriental Education & Technology Group Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 102 institutional holders increased their position in New Oriental Education & Technology Group Inc. [NYSE:EDU] by around 15,765,464 shares. Additionally, 88 investors decreased positions by around 30,115,476 shares, while 19 investors held positions by with 21,433,199 shares. The mentioned changes placed institutional holdings at 67,314,139 shares, according to the latest SEC report filing. EDU stock had 58 new institutional investments in for a total of 8,339,094 shares, while 30 institutional investors sold positions of 12,138,000 shares during the same period.