The stock of TAL Education Group (NYSE:TAL) increased by $0.1 on Monday to finish at $6.81, up 1.49 percent. The last five days have seen an average of 7,800,340 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$0.24. The average number of shares traded over the last 20 days was 6,153,625, while the average volume over the last 50 days totaled 6,624,150.
TAL stock dropped -14.88% since last month. On 08/25/23, the company’s shares reached a one-month low of $6.24. The stock touched a high of $10.45 on 01/09/23, after rallying from a low of $2.81 in 52 weeks. The price of TAL stock has declined by -3.40% or -$0.24 this year, reaching a new high 5 times. Still, the stock price is down -34.83% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.06. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.10, the price-to-book (PB) ratio of 1.18.
Company paid $0.0833 per share in dividends, a decrease of -7.44% from $0.09 last year.
Financial Health
For the three months ended May 30, TAL Education Group’s quick ratio was 3.50, while its current ratio was 3.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 54.50% percent. TAL Education Group’s operating margin stood at -11.00% for the same period. Based on annual data, it had gross profit of $583.41 million and revenue of $1.02 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TAL’s return on assets (ROA) during the last 12 months has been -2.90%. There was a -2.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.60%.
Earnings Surprise
According to TAL Education Group’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 $4.39 billion, while revenues fell by -2.39% to $0.0. It was predicted that TAL Education Group’s quarterly earnings would be -$0.03, but it ended up being $0. EBITDA was -$57.77 million for the quarter. At the end of TAL Education Group’s most recent quarter ended May 30, its liabilities totaled 1.09 billion, while its total debt was $164.84 million.
Technical Picture
Here’s a quick look at TAL Education Group’s (TAL) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 50.57%, suggesting the stock is Neutral, with a 21.43% historical volatility rate.
The stochastic %K and %D were 39.20% and 30.61% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 50.00%, the RSI (14) reading is 50.97%. On the 9-day MACD Oscillator, the stock is at 0.06.
Analyst Ratings
TAL Education Group (NYSE: TAL) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned TAL Education Group (TAL) an Overweight rating. TAL is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 6 others recommend it as a buy.
What is TAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.70 and $10.20, with a median target price of $7.50. In analyzing these forecasts, the average price target given by analysts for TAL Education Group (TAL) is $7.66.
