TAL Education Group [TAL] stock is up 0.59 while the S&P 500 has fallen -0.07% on Wednesday, 12/02/20. While at the time of this article, TAL ATR is sitting at 2.48, with the beta value at 0.17. This stock’s volatility for the past week remained at 2.49%, while it was 3.32% for the past 30-day period. TAL has risen $0.42 from the previous closing price of $70.01 on volume of 0.93 million shares.
On 12, November 2020, TAL Announces Investment by a Global Growth Investment Firm. According to news published on Yahoo Finance, TAL Education Group (NYSE: TAL) (“TAL” or the “Company”), a leading K-12 after-school tutoring services provider in China, today announced that a global growth investment firm has agreed to purchase a total of approximately US$1.5 billion of newly issued Class A common shares of the Company. Following the transaction, the investor will hold, taking into account its existing holding, approximately 8.35% of the Company’s outstanding shares.
Analyst Birdseye View:
The most recent analyst activity for TAL Education Group [NYSE:TAL] stock was on October 23, 2020, when it was Downgrade with a Neutral rating from JP Morgan, which also raised its 12-month price target on the stock to $75. Before that, on October 23, 2020, The Benchmark Company Recapitulated a Buy rating and elevated its amount target to $85. On September 09, 2020, CLSA Upgrade an Outperform rating and boosted its price target on this stock to $80. On September 02, 2020, Jefferies Initiated a Buy rating and increased its price target to $90. On July 31, 2020, CLSA Upgrade an Underperform rating and increased its price target to $80. On July 13, 2020, BofA Securities Resumed a Buy rating. On April 13, 2020, CLSA Downgrade a Sell rating and decreased its target amount on this stock from $65 to $49.
In the past 52 weeks of trading, this stock has oscillated between a low of $43.23 and a peak of $83.68. Right now, the middling Wall Street analyst 12-month amount mark is $83.00. At the most recent market close, shares of TAL Education Group [NYSE:TAL] were valued at $70.43. According to the average price forecast, investors can expect a potential return of 0.17%.
TAL Education Group [NYSE:TAL] most recently reported quarterly sales of 1.11 billion, which represented growth of 35.20%. This publicly-traded organization’s revenue is $72,289 per employee, while its income is -$2,434 per employee. This company’s Gross Margin is currently 53.80%, its Operating Margin is -0.70%, its Pretax Margin is -1.55, and its Net Margin is -3.37. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.37, -4.41, 4.61 and -3.55 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 37.61 and the whole liability to whole assets at 27.23. It shows enduring liability to the whole principal at 30.05 and enduring liability to assets at 0.22 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 68.76 points at 1st support level, the second support level is making up to 67.51. But as of 1st resistance point, this stock is sitting at 71.41 and at 72.81 for 2nd resistance point.
TAL Education Group [TAL] reported its earnings at $0.08 per share in the fiscal quarter closing of 8/30/2020. The Analysts for Wall Street were expecting to report its earnings at $0.11/share signifying the difference of -0.03 and -27.30% surprise value. Comparing the previous quarter ending of 5/30/2020, the stated earnings were $0.18 calling estimates for $0.04/share with the difference of 0.14 depicting the surprise of 350.00%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for TAL Education Group [NYSE:TAL] is 1.20. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.24. Now if looking for a valuation of this stock’s amount to sales ratio it’s 9.88, it’s amount to book ratio is 12.96 and showing 14002.00 of P/E (TTM) ratio.