TAL Education Group [TAL] Revenue clocked in at $1.29 billion, down -13.19% YTD: What’s Next?

TAL Education Group [NYSE: TAL] price plunged by -10.00 percent to reach at -$0.68. The company report on January 19, 2023 that TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30, 2022.

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TAL Education Group (NYSE: TAL) (“TAL” or the “Company”), a smart learning solutions provider in China, today announced its unaudited financial results for the third quarter of fiscal year 2023 ended November 30, 2022.

A sum of 44526141 shares traded at recent session while its average daily volume was at 10.12M shares. TAL Education Group shares reached a high of $6.30 and dropped to a low of $5.26 until finishing in the latest session at $6.12.

The one-year TAL stock forecast points to a potential upside of 23.69. The average equity rating for TAL stock is currently 2.60, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on TAL Education Group [TAL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TAL shares is $8.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TAL stock is a recommendation set at 2.60. 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 TAL Education Group shares, keeping their opinion on the stock as Sell, with their previous recommendation back on December 30, 2022. While these analysts kept the previous recommendation, UBS raised their target price from $4.94 to $6.50. The new note on the price target was released on November 03, 2022, representing the official price target for TAL Education Group stock. Previously, the target price had yet another raise from $4.30 to $4.70, while BofA Securities kept a Neutral rating on TAL stock. On May 02, 2022, analysts decreased their price target for TAL shares from 7.60 to 3.90.

The Average True Range (ATR) for TAL Education Group is set at 0.57, with the Price to Sales ratio for TAL stock in the period of the last 12 months amounting to 2.31. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 6.25.

TAL Stock Performance Analysis:

TAL Education Group [TAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.44. With this latest performance, TAL shares dropped by -4.52% in over the last four-week period, additionally plugging by 3.90% over the last 6 months – not to mention a rise of 204.48% 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 TAL stock in for the last two-week period is set at 36.88, with the RSI for the last a single of trading hit 31.25, and the three-weeks RSI is set at 40.73 for TAL Education Group [TAL]. The present Moving Average for the last 50 days of trading for this stock 7.48, while it was recorded at 6.67 for the last single week of trading, and 5.71 for the last 200 days.

Insight into TAL Education Group Fundamentals:

TAL Education Group’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.10.

TAL Education Group [TAL] Insider Position Details

There are presently around $1,863 million, or 57.30% of TAL stock, in the hands of institutional investors. The top three institutional holders of TAL stocks are: GOLDMAN SACHS GROUP INC with ownership of 45,269,799, which is approximately 20.724% of the company’s market cap and around 83.90% of the total institutional ownership; BLACKROCK INC., holding 21,046,509 shares of the stock with an approximate value of $128.81 million in TAL stocks shares; and BANK OF AMERICA CORP /DE/, currently with $119.88 million in TAL stock with ownership of nearly 57.291% of the company’s market capitalization.

Positions in TAL Education Group stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 117 institutional holders increased their position in TAL Education Group [NYSE:TAL] by around 70,068,024 shares. Additionally, 83 investors decreased positions by around 44,546,208 shares, while 37 investors held positions by with 189,749,710 shares. The mentioned changes placed institutional holdings at 304,363,942 shares, according to the latest SEC report filing. TAL stock had 50 new institutional investments in for a total of 17,889,820 shares, while 20 institutional investors sold positions of 5,763,357 shares during the same period.


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