TAL Education Group ADR [NYSE: TAL] traded at a low on Monday, posting a -9.45 loss after which it closed the day’ session at $13.42. The company report on January 25, 2024 at 4:30 AM that TAL Education Group Announces Unaudited Financial Results for the Third Fiscal Quarter Ended November 30, 2023.
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 2024 ended November 30, 2023.
The results of the trading session contributed to over 10167696 shares changing hands. Over the past one week, the price volatility of TAL Education Group ADR stands at 5.80% while the volatility over the past one month is 6.10%.
The market cap for TAL stock reached $6.59 billion, with 489.49 million shares outstanding and 488.58 million shares in the current float. Compared to the average trading volume of 7.51M shares, TAL reached a trading volume of 10167696 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about TAL Education Group ADR [TAL]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TAL shares is $14.50 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 1.37. 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.
CLSA have made an estimate for TAL Education Group ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 26, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $10 to $15. The new note on the price target was released on January 25, 2024, representing the official price target for TAL Education Group ADR stock.
The Average True Range (ATR) for TAL Education Group ADR is set at 0.88, with the Price to Sales ratio for TAL stock in the period of the last 12 months amounting to 4.96. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 6.93.
How has TAL stock performed recently?
TAL Education Group ADR [TAL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.06. With this latest performance, TAL shares gained by 22.67% in over the last four-week period, additionally plugging by 90.35% over the last 6 months – not to mention a rise of 69.87% 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 49.59, with the RSI for the last a single of trading hit 44.05, and the three-weeks RSI is set at 52.11 for TAL Education Group ADR [TAL]. The present Moving Average for the last 50 days of trading for this stock 12.55, while it was recorded at 14.54 for the last single week of trading, and 9.11 for the last 200 days.
TAL Education Group ADR [TAL]: Deeper insight into the fundamentals
TAL Education Group ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.17 and a Current Ratio set at 3.22.
Earnings analysis for TAL Education Group ADR [TAL]
With the latest financial reports released by the company, TAL Education Group ADR posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -200.00%. 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 TAL.
Insider trade positions for TAL Education Group ADR [TAL]
The top three institutional holders of TAL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TAL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TAL stock with ownership which is approximately 5.8325%.
