Currently, there are 458.10M common shares owned by the public and among those 443.43M shares have been available to trade.
The company’s stock has a 5-day price change of 9.66% and 18.23% over the past three months. TAL shares are trading 35.93% year to date (YTD), with the 12-month market performance up to 13.12% higher. It has a 12-month low price of $7.34 and touched a high of $15.52 over the same period. TAL has an average intraday trading volume of 7.05 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 19.38%, 29.16%, and 30.06% respectively.
Institutional ownership of TAL Education Group ADR (NYSE: TAL) shares accounts for 63.40% of the company’s 458.10M shares outstanding.
It has a market capitalization of $6.24B and a beta (3y monthly) value of 0.06. The stock’s trailing 12-month PE ratio is 70.17, while the earnings-per-share (ttm) stands at $0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.38% over the week and 4.58% over the month.
Analysts forecast that TAL Education Group ADR (TAL) will achieve an EPS of 0.09 for the current quarter, 0.08 for the next quarter and 0.48 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.06 while analysts give the company a high EPS estimate of 0.06. Comparatively, EPS for the current quarter was 0.08 a year ago. Earnings per share for the fiscal year are expected to increase by 2378.60%, and 97.36% over the next financial year.
Looking at the support for the TAL, 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 $16. Morgan Stanley on their part issued Overweight rating on November 07, 2023.
