In Tuesday’s session, New Oriental Education & Technology Group Inc. (NYSE:EDU) marked $56.05 per share, down from $56.13 in the previous session. While New Oriental Education & Technology Group Inc. has underperformed by -0.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EDU rose by 104.49%, with highs and lows ranging from $57.73 to $17.01, whereas the simple moving average jumped by 49.02% in the last 200 days.
On December 30, 2022, Citigroup started tracking New Oriental Education & Technology Group Inc. (NYSE: EDU) recommending Buy.
Analysis of New Oriental Education & Technology Group Inc. (EDU)
Further, the quarter-over-quarter increase in sales is 64.20%, showing a positive trend in the upcoming months.
New Oriental Education & Technology Group Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 4.80% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and EDU has an average volume of 1.71M. On a monthly basis, the volatility of the stock is set at 3.72%, whereas on a weekly basis, it is put at 4.44%, with a gain of 12.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $60.21, showing growth from the present price of $56.05, which can serve as yet another indication of whether EDU is worth investing in or should be passed over.
How Do You Analyze New Oriental Education & Technology Group Inc. Shares?
Education & Training Services giant New Oriental Education & Technology Group Inc. (EDU) is based in the China and is one of the largest companies in the market. When comparing New Oriental Education & Technology Group Inc. shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 50.77, there is a growth in quarterly earnings of 118.10%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 55.60% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in EDU shares?
The recent increase in stakes in EDU appears to be a result of several institutional investors and hedge funds increasing their positions. The Baupost Group LLC’s position in EDU has decreased by -6.47% in the first quarter. The company now owns 5,418,784 shares of the stock, with a value of $213.99 million, following the sale of -375,144 additional shares during the last quarter. During the last quarter, the company dropped down 0 additional shares for a total stake of worth $156.88 million, bringing number of shares owned by the company to 3,972,640.
During the first quarter, Yiheng Capital Management LP subtracted a -499,706 position in EDU. Renaissance Technologies LLC sold an additional -0.41 million shares in the last quarter, decreasing its holdings by -10.76%, now holding 3.39 million shares worth $133.86 million. At the end of the first quarter, Goldman Sachs & Co. LLC increased its EDU holdings by 51.19% and now holds 2.83 million EDU shares valued at $111.68 million with the added 0.96 million shares during the period. EDU shares are owned by institutional investors to the tune of 55.60% at present.