New Oriental Education & Technology Group Inc. ADR (EDU) concluded trading on Wednesday at a closing price of $78.44, with 6.27 million shares of worth about $491.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.40% during that period and on October 02, 2024 the price saw a gain of about 1.62%. Currently the company’s common shares owned by public are about 164.75M shares, out of which, 160.30M shares are available for trading.
Stock saw a price change of 26.09% in past 5 days and over the past one month there was a price change of 31.14%. Year-to-date (YTD), EDU shares are showing a performance of 8.11% which increased to 34.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $56.65 but also hit the highest price of $97.23 during that period. The average intraday trading volume for New Oriental Education & Technology Group Inc. ADR shares is 2.14 million. The stock is currently trading 23.19% above its 20-day simple moving average (SMA20), while that difference is up 19.48% for SMA50 and it goes to 1.64% higher than SMA200.
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New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) currently have 164.75M outstanding shares and institutions hold larger chunk of about 42.46% of that.
The stock has a current market capitalization of $12.83B and its 3Y-monthly beta is at 0.46. PE ratio of stock for trailing 12 months is 42.26, while it has posted earnings per share of $1.86 in the same period. Its PEG reads 145.73 and has Quick Ratio of 1.74 while making debt-to-equity ratio of 0.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EDU, volatility over the week remained 7.37% while standing at 4.30% over the month.
Stock’s fiscal year EPS is expected to rise by 43.93% while it is estimated to increase by 33.81% in next year. EPS is likely to shrink at an annualized rate of 0.29% for next 5-years, compared to annual growth of 4.20% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on May 29, 2024 offering a Buy rating for the stock and assigned a target price of $110 to it. Stock get a Buy rating from CLSA on October 27, 2022.
