TAL Education Group (NYSE:TAL) saw a downside of -4.56% to close Tuesday at $6.90 after subtracting -$0.33 on the day. The 5-day average trading volume is 6,953,920 shares of the company’s common stock. It has gained $7.85 in the past week and touched a new high 2 times within the past 5 days. An average of 7,294,610 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,603,214.
TAL’s 1-month performance is 9.18% or $0.72 on its low of $5.99 reached on 07/18/23. The company’s shares have touched a 52-week low of $2.81 and high of $10.45, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, TAL has lost -2.13% or -$0.15 and has reached a new high 5 times. However, the current price is down -33.97% from the 52-week high price.
Valuation Metrics
TAL stock has a beta of 0.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.16 while the price-to-book (PB) in the most recent quarter is 1.20.
TAL Education Group’s quick ratio for the period ended May 30 was 3.50, with the current ratio over the same period at 3.60.. In terms of profitability, the gross margin trailing 12 months is 54.50%. The firm’s gross profit as reported stood at $583.41 million against revenue of $1.02 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, TAL Education Group’s cash and short-term investments amounted to $2.69 billion against total debt of $164.84 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 89.79% to -$1.14 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected TAL to announce $0 per share in earnings in its latest quarter, but it posted -$0.03. EBITDA for the quarter stood at more than -$57.77 million. TAL stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 1.09 billion, with total debt at $164.84 million.
Let’s look briefly at TAL Education Group (TAL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 47.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 129.62%.
The stock’s 5-day moving average is $7.34, reflecting a -12.10% or -$0.95 change from its current price. TAL is currently trading +6.32% above its 20-day SMA, +17.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +25.00% and SMA200 by+80.16%.
Stochastic %K and %D was 51.73% and 59.43% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 51.30%, while the 14-day stochastic is at 37.82% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at -0.23 and 0.17 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for TAL Education Group (NYSE: TAL), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
What is TAL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.70 and a high of $10.20, with their median price target at $7.50. Looking at these predictions, the average price target given by analysts is for TAL Education Group (TAL) stock is $7.50.
