New Oriental Education & Technology Group Inc. ADR [NYSE: EDU] traded at a low on Thursday, posting a -5.46 loss after which it closed the day’ session at $70.33.
The results of the trading session contributed to over 3952321 shares changing hands. Over the past one week, the price volatility of New Oriental Education & Technology Group Inc. ADR stands at 3.59% while the volatility over the past one month is 3.38%.
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The market cap for EDU stock reached $11.64 billion, with 165.51 million shares outstanding and 165.48 million shares in the current float. Compared to the average trading volume of 1.58M shares, EDU reached a trading volume of 3952321 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. ADR [EDU]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EDU shares is $102.92 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 1.28. 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.
HSBC Securities have made an estimate for New Oriental Education & Technology Group Inc. ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 29, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on November 24, 2023, representing the official price target for New Oriental Education & Technology Group Inc. ADR stock. Previously, the target price had yet another raise to $81, while Morgan Stanley analysts kept a Overweight rating on EDU stock.
The Average True Range (ATR) for New Oriental Education & Technology Group Inc. ADR is set at 2.79, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 2.88. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 28.49.
How has EDU stock performed recently?
New Oriental Education & Technology Group Inc. ADR [EDU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, EDU shares dropped by -8.01% in over the last four-week period, additionally sinking by -7.65% over the last 6 months – not to mention a rise of 41.03% 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 37.12, with the RSI for the last a single of trading hit 33.12, and the three-weeks RSI is set at 39.58 for New Oriental Education & Technology Group Inc. ADR [EDU]. The present Moving Average for the last 50 days of trading for this stock 77.86, while it was recorded at 74.14 for the last single week of trading, and 78.82 for the last 200 days.
New Oriental Education & Technology Group Inc. ADR [EDU]: Deeper insight into the fundamentals
New Oriental Education & Technology Group Inc. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.91 and a Current Ratio set at 1.95.
Earnings analysis for New Oriental Education & Technology Group Inc. ADR [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. ADR go to 0.29%.
Insider trade positions for New Oriental Education & Technology Group Inc. ADR [EDU]
The top three institutional holders of EDU stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in EDU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in EDU stock with ownership which is approximately 5.1238%.
