The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) increased by $0.85 on Tuesday to at $55.12, up 1.58 percent. The last five days have seen an average of 1,308,883 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $20.04. The average number of shares traded over the last 20 days was 1,495,891, while the average volume over the last 50 days totaled 1,637,500.
EDU stock dropped -1.79% since last month. On 08/18/23, the company’s shares reached a one-month low of $49.94. The stock touched a high of $57.94 on 08/04/23, after rallying from a low of $17.01 in 52 weeks. The price of EDU stock has risen by 58.31% or $20.04 this year, reaching a new high 18 times. Still, the stock price is down -4.86% from the 52-week high.
Valuation Metrics
New Oriental Education & Technology Group Inc. (EDU) has a trailing price-to-earnings (P/E) ratio of 49.93. Beta for the stock is 0.69. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.11, the price-to-book (PB) ratio of 2.21, and the price-to-cash flow ratio of 9.61.
Company paid $4.50 per share in dividends, an increase of 12.5% from $4.00 last year.
Financial Health
For the three months ended May 30, New Oriental Education & Technology Group Inc.’s quick ratio was 1.90, while its current ratio was 2.00, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 53.00% percent. New Oriental Education & Technology Group Inc.’s operating margin stood at 6.30% for the same period. Based on annual data, it had gross profit of $1.59 billion and revenue of $3.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EDU’s return on assets (ROA) during the last 12 months has been 2.90%. There was a 3.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.80%.
Earnings Surprise
According to New Oriental Education & Technology Group Inc.’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.28 billion, while revenues rose by 16.32% to $0.0. It was predicted that New Oriental Education & Technology Group Inc.’s quarterly earnings would be $0.37, but it ended up being $0.51, beating the consensus by -27.50%. EBITDA was $66.49 million for the quarter. At the end of New Oriental Education & Technology Group Inc.’s most recent quarter ended May 30, its liabilities totaled 2.29 billion, while its total debt was $458.6 million.
Technical Picture
Here’s a quick look at New Oriental Education & Technology Group Inc.’s (EDU) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 61.08%, suggesting the stock is Neutral, with a 29.89% historical volatility rate.
The stochastic %K and %D were 77.14% and 70.82% respectively, while the average true range (ATR) was 1.92. Based on the 14-day stochastic reading of 80.51%, the RSI (14) reading is 60.40%. On the 9-day MACD Oscillator, the stock is at 1.24, and the 14-day reading is at 1.61.
Analyst Ratings
Analysts have assigned New Oriental Education & Technology Group Inc. (EDU) an Buy rating. EDU is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.
What is EDU’s price target for the next 12 months?
The current consensus forecast for the stock is between $50.00 and $85.00, with a median target price of $64.70. In analyzing these forecasts, the average price target given by analysts for New Oriental Education & Technology Group Inc. (EDU) is $64.31.
