Currently, there are 165.51M common shares owned by the public and among those 158.65M shares have been available to trade.
The company’s stock has a 5-day price change of -20.90% and -31.59% over the past three months. EDU shares are trading -27.22% year to date (YTD), with the 12-month market performance down to -36.32% lower. It has a 12-month low price of $54.00 and touched a high of $97.23 over the same period. EDU has an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.58%, -22.57%, and -33.25% respectively.
Institutional ownership of New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) shares accounts for 43.20% of the company’s 165.51M shares outstanding.
It has a market capitalization of $7.64B and a beta (3y monthly) value of 0.44. The stock’s trailing 12-month PE ratio is 19.94, while the earnings-per-share (ttm) stands at $2.34. The company has a PEG of 0.57 and a Quick Ratio of 1.82 with the debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.26% over the week and 3.30% over the month.
Analysts forecast that New Oriental Education & Technology Group Inc. ADR (EDU) will achieve an EPS of 0.83 for the current quarter, 0.38 for the next quarter and 4.13 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.79 while analysts give the company a high EPS estimate of 0.79. Comparatively, EPS for the current quarter was 0.63 a year ago. Earnings per share for the fiscal year are expected to increase by 32.44%, and 31.65% over the next financial year. EPS should grow at an annualized rate of 35.00% over the next five years, compared to 4.20% over the past 5-year period.
Looking at the support for the EDU, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on May 29, 2024, with the firm’s price target at $110. CLSA on their part issued Buy rating on October 27, 2022.
