New Oriental Education & Technology Group Inc. ADR [NYSE: EDU] gained 1.62% on the last trading session, reaching $78.44 price per share at the time.
If compared to the average trading volume of 2.14M shares, EDU reached a trading volume of 6269986 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $93.60 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 1.22. 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 4.12, with the Price to Sales ratio for EDU stock in the period of the last 12 months amounting to 2.97. The Price to Book ratio for the last quarter was 3.42, with the Price to Cash per share for the same quarter was set at 30.29.
Trading performance analysis for EDU stock
New Oriental Education & Technology Group Inc. ADR [EDU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.09. With this latest performance, EDU shares gained by 31.14% in over the last four-week period, additionally sinking by -9.40% over the last 6 months – not to mention a rise of 34.91% 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 71.43, with the RSI for the last a single of trading hit 78.45, and the three-weeks RSI is set at 65.06 for New Oriental Education & Technology Group Inc. ADR [EDU]. The present Moving Average for the last 50 days of trading for this stock 66.14, while it was recorded at 75.19 for the last single week of trading, and 77.88 for the last 200 days.
New Oriental Education & Technology Group Inc. ADR [EDU]: A deeper dive into fundamental analysis
New Oriental Education & Technology Group Inc. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.74 and a Current Ratio set at 1.80.
New Oriental Education & Technology Group Inc. ADR [EDU]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, New Oriental Education & Technology Group Inc. ADR posted 1.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.81/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.32. 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%.
An analysis of Institutional ownership at New Oriental Education & Technology Group Inc. ADR [EDU]
The top three institutional holders of EDU stocks are: MORGAN STANLEY with ownership of 6.47 million shares, which is approximately 3.9073%. BANK OF AMERICA CORP /DE/, holding 3.97 million shares of the stock with an approximate value of $$308.3 million in EDU stocks shares; and BANK OF AMERICA CORP /DE/, currently with $$285.91 million in EDU stock with ownership which is approximately 2.2226%.
