A share price of New Oriental Education & Technology Group Inc. ADR [EDU] is currently trading at $93.44, down -1.46%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EDU shares have gain 3.28% over the last week, with a monthly amount glided 6.11%, and seem to be holding up well over a long-time horizon.
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On 24, January 2024, New Oriental Announces Results for the Second Fiscal Quarter Ended November 30, 2023. In a post published today on Yahoo Finance, New Oriental Education & Technology Group Inc. (the “Company” or “New Oriental”) (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the second fiscal quarter ended November 30, 2023, which is the second quarter of New Oriental’s fiscal year 2024.
From an analyst’s perspective:
Previously, Morgan Stanley started tracking the stock with Overweight rating on November 07, 2023, and set its price target to $81. CLSA upgraded its rating to a Buy. BofA Securities upgraded its rating to a Buy and raised its price target to $36.60 on July 29, 2022. Macquarie upgraded its rating to Outperform for this stock on July 28, 2022. In a note dated June 23, 2022, Macquarie downgraded an Neutral rating on this stock.
New Oriental Education & Technology Group Inc. ADR experienced fluctuations in its stock price throughout the past year between $33.98 and $98.20. Currently, Wall Street analysts expect the stock to reach $34.3 within the next 12 months. New Oriental Education & Technology Group Inc. ADR [NYSE: EDU] shares were valued at $93.44 at the most recent close of the market. An investor can expect a potential drop of -63.29% based on the average EDU price forecast.
Analyzing the EDU fundamentals
Trailing Twelve Months sales for New Oriental Education & Technology Group Inc. ADR [NYSE:EDU] were 3.58B which represents 36.26% growth. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 92.28 points at the first support level, and at 91.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 94.22, and for the 2nd resistance point, it is at 94.99.
New Oriental Education & Technology Group Inc. ADR [EDU] reported earnings per share of $0.29 for its fiscal quarter that ended on 11/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.29/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 8/30/2023 were $1.13 per share as compared to estimates of $0.81 per share, a difference of $0.32 representing a surprise of 39.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for New Oriental Education & Technology Group Inc. ADR [NYSE:EDU] is 1.87. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 4.31, the price to book ratio is 4.04 and price to earnings (TTM) ratio is 51.00.
