At the last check on Thursday, New Oriental Education & Technology Group Inc.’s (NYSE:EDU) stock was up $1.61, moving up 3.16 percent to $52.48. The average number of shares traded per day over the past five days has been 989,759 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.77 fall in that time frame. In the last twenty days, the average volume was 2,021,330, while in the previous 50 days, it was 1,590,740.
Since last month, EDU stock rose 15.98%. Shares of the company fell to $43.65 on 07/18/23, the lowest level in the past month. A 52-week high of $57.94 was reached on 08/04/23 after having rallying from a 52-week low of $17.01. Since the beginning of this year, EDU’s stock price has risen by 50.72% or $17.73, and marked a new high 18 times. However, the stock has declined by -9.42% since its 52-week high.
Valuation Metrics
Right now, New Oriental Education & Technology Group Inc. (EDU) has a P/E ratio of about 47.54. The stock’s beta is 0.71. Besides these, the trailing price-to-sales (P/S) ratio of 3.06, the price-to-book (PB) ratio of 2.11, and the price-to-cash flow ratio of 9.44 may also be considered.
The latest dividend of $4.50 per share was paid out, which is 12.5% more than last year’s $4.00.
Financial Health
In the three months ended May 30, New Oriental Education & Technology Group Inc.’s quick ratio stood at 1.90, while its current ratio was 2.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 53.00% percent. In the year ended May 30, operating margins totaled 6.30%. Based on annual data, EDU earned $1.35 billion in gross profit and brought in $3.11 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.40%. Return on equity (ROE) for the past 12 months was 4.80%.
In New Oriental Education & Technology Group Inc.’s quarter-end financial report for May 30, it reported total debt of $297.63 million against cash and short-term investments of $4.65 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EDU’s revenue rose 16.32% during the quarter, while net income inched up to $4.28 billion. While analysts expected New Oriental Education & Technology Group Inc. to report $0.51 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by -27.50%. During the quarter, the company generated $66.49 million in EBITDA. The liabilities of New Oriental Education & Technology Group Inc. were 2.29 billion at the end of its most recent quarter ended May 30, and its total debt was $458.6 million.
Technical Picture
This quick technical analysis looks at New Oriental Education & Technology Group Inc.’s (EDU) price momentum. With a historical volatility rate of 44.79%, the RSI 9-day stood at 51.80% on 16 August.
With respect to its five-day moving average, the current New Oriental Education & Technology Group Inc. price is down by -3.26% percent or -$1.77. At present, EDU shares trade +15.24% above its 20-day simple moving average and +40.10% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.39% above its SMA50 and +111.90% above its SMA200.
Stochastic coefficient K was 14.78% and Stochastic coefficient D was 22.71%, while ATR was 2.17. Given the Stochastic reading of 32.12% for the 14-day period, the RSI (14) reading has been calculated as 55.51%. As of today, the MACD Oscillator reading stands at -1.46, while the 14-day reading stands at -2.59.
Analyst Ratings
New Oriental Education & Technology Group Inc. (EDU) has been rated Buy by analysts. According to 0 brokerage firms, EDU is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate New Oriental Education & Technology Group Inc. stock as buy, with 16 recommending it as overweight.
With a median target price of $64.20, the current consensus forecast for the stock is $50.00 – $85.00. Based on these forecasts, analysts predict New Oriental Education & Technology Group Inc. (EDU) will achieve an average price target of $63.68.
