New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) shares, rose in value, with the stock price down by -13.96% to the previous day’s close as strong demand from buyers drove the stock to $77.08.
Actively observing the price movement in the last trading, the stock closed the session at $89.59. The PE ratio was 42.07 over 12-month period. Referring to stock’s 52-week performance, its high was $98.20, and the low was $35.70. On the whole, EDU has fluctuated by -15.11% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.79, which is expected to increase to $0.67 for fiscal year $2.93 and then to about $4.05 by fiscal year 2025. Data indicates that the EPS growth is expected to be 94.00% in 2025, while the next year’s EPS growth is forecast to be 38.20%.
Analysts have estimated the company’s revenue for the quarter at $1.1 billion, with a low estimate of $1.09 billion and a high estimate of $1.13 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.13 billion, representing an increase of 37.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that EDU’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 145.06, with the price of EDU currently trading nearly -10.93% and -14.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.00, while the 7-day volatility ratio is showing 5.74% which for the 30-day chart, stands at 3.45%. Furthermore, New Oriental Education & Technology Group Inc. ADR (EDU)’s beta value is 0.47, and its average true range (ATR) is 3.84.
A comparison of New Oriental Education & Technology Group Inc. ADR (EDU) with its peers suggests the former has fared considerably weaker in the market. EDU showed an intraday change of -13.96% in last session, and over the past year, it grew by 78.38%%.
Data on historical trading for New Oriental Education & Technology Group Inc. ADR (NYSE:EDU) indicates that the trading volumes over the past 3 months, they’ve averaged 1.60 million. According to company’s latest data on outstanding shares, there are 165.51 million shares outstanding.
Nearly 0.03% of New Oriental Education & Technology Group Inc. ADR’s shares belong to company insiders and institutional investors own 40.26% of the company’s shares. The stock has risen by 5.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EDU stock heading into the next quarter.
