At the time of writing, New Oriental Education & Technology Group Inc. ADR [EDU] stock is trading at $85.54, down -1.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EDU shares have gain 0.16% over the last week, with a monthly amount drifted -8.45%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of New Oriental Education & Technology Group Inc. ADR fluctuated between $35.70 and $98.20. Currently, Wall Street analysts expect the stock to reach $62.7 within the next 12 months. New Oriental Education & Technology Group Inc. ADR [NYSE: EDU] shares were valued at $85.54 at the most recent close of the market. An investor can expect a potential drop of -26.7% based on the average EDU price forecast.
Analyzing the EDU fundamentals
According to New Oriental Education & Technology Group Inc. ADR [NYSE:EDU], the company’s sales were 3.58B for trailing twelve months, which represents an 36.26% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 84.13 points at the first support level, and at 82.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 87.62, and for the 2nd resistance point, it is at 89.70.
Ratios To Look Out For
It is important to note that New Oriental Education & Technology Group Inc. ADR [NYSE:EDU] has a current ratio of 1.87. Also, the Quick Ratio is 1.84, while the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 3.70 and price to earnings (TTM) ratio is 46.68.
