Closing Figures Unveiled: New Oriental Education & Technology Group Inc. ADR (EDU) Drop -0.84, Closes at 59.17

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New Oriental Education & Technology Group Inc. ADR (NYSE: EDU) closed the day trading at $59.17 down -0.84% from the previous closing price of $59.67. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 2.28 million shares were traded. EDU stock price reached its highest trading level at $59.95 during the session, while it also had its lowest trading level at $58.84.

Ratios:

For a better understanding of EDU, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 1.80. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.12.

On November 07, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $81.Morgan Stanley initiated its Overweight rating on November 07, 2023, with a $81 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EDU now has a Market Capitalization of 9793344512 and an Enterprise Value of 93978099712. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.88, and their Forward P/E ratio for the next fiscal year is 13.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 109.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 2.53. Its current Enterprise Value per Revenue stands at 21.787 whereas that against EBITDA is 198.631.

Stock Price History:

Over the past 52 weeks, EDU has reached a high of $97.23, while it has fallen to a 52-week low of $52.91. The 50-Day Moving Average of the stock is -12.92%, while the 200-Day Moving Average is calculated to be -24.10%.

Shares Statistics:

Over the past 3-months, EDU traded about 1.96M shares per day on average, while over the past 10 days, EDU traded about 2314720 shares per day. A total of 165.51M shares are outstanding, with a floating share count of 162.25M. Insiders hold about 1.97% of the company’s shares, while institutions hold 43.43% stake in the company. Shares short for EDU as of 1724976000 were 5672692 with a Short Ratio of 2.90, compared to 1722384000 on 5617255. Therefore, it implies a Short% of Shares Outstanding of 5672692 and a Short% of Float of 3.9300002000000003.

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