TAL Education Group (NYSE:TAL) finished Thursday with an addition of $0.03 to close at $6.78, an upside of 0.44 percent. An average of 5,949,940 shares of common stock have been traded in the last five days. There was a gain of $0.02 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 7,018,270 shares traded, while the 50-day average volume stands at 6,494,288.
TAL stock has increased by 2.73% in the last month. The company shares reached their 1-month lowest point of $6.03 on 07/27/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $2.81 and a high of $10.45 in 52 weeks. It has reached a new high 5 times so far this year and lost -3.83% or -$0.27 in price. In spite of this, the price is down -35.12% from the 52-week high.
Valuation Metrics
TAL Education Group (TAL) stock’s beta is 0.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.10, the price-to-book (PB) ratio at 1.18.
Financial Health
The quick ratio of TAL Education Group for the three months ended May 30 was 3.50, and the current ratio was 3.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending May 30. Its gross profit as reported stood at $583.41 million compared to revenue of $1.02 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.14 billion in the quarter, while revenues were grew 89.79%. The analyst consensus anticipated TAL Education Group’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.03. For the quarter, EBITDA amounted to -$57.77 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TAL Education Group (TAL) price momentum. RSI 9-day as of the close on 24 August was 48.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.05%.
As of today, TAL’s price is $6.69 +0.30% or $0.02 from its 5-day moving average. TAL is currently trading +5.44% higher than its 20-day SMA and +5.77% higher than its 100-day SMA. However, the stock’s current price level is +7.28% above the SMA50 and +24.63% above the SMA200.
The stochastic %K and %D were 22.29% and 17.03%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 26.36% and the average true range at 0.35, the RSI (14) stands at 50.19%. The stock has reached 0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Analyst Ratings
UBS downgraded TAL Education Group (NYSE: TAL) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for TAL Education Group (TAL) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TAL, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.
What is TAL’s price target for the next 12 months?
Analysts predict a range of price targets between $6.70 and $10.20, with a median target of $7.50. Taking a look at these predictions, the average price target given by analysts for TAL Education Group (TAL) stock is $7.66.
