New Oriental Education & Technology Group Inc. ADR (EDU)’s Market Momentum: Closing Strong at 78.44, Up 1.62

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As of close of business last night, New Oriental Education & Technology Group Inc. ADR’s stock clocked out at $78.44, up 1.62% from its previous closing price of $77.19. In other words, the price has increased by $1.62 from its previous closing price. On the day, 6.27 million shares were traded. EDU stock price reached its highest trading level at $87.26 during the session, while it also had its lowest trading level at $77.52.

Ratios:

To gain a deeper understanding of EDU’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 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 13444302848 and an Enterprise Value of 124432318464. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.26, and their Forward P/E ratio for the next fiscal year is 17.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 145.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.97 while its Price-to-Book (P/B) ratio in mrq is 3.42. Its current Enterprise Value per Revenue stands at 28.847 whereas that against EBITDA is 272.135.

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 $56.65. The 50-Day Moving Average of the stock is 19.48%, while the 200-Day Moving Average is calculated to be 1.64%.

Shares Statistics:

It appears that EDU traded 2.14M shares on average per day over the past three months and 3243020 shares per day over the past ten days. A total of 164.75M shares are outstanding, with a floating share count of 160.30M. Insiders hold about 1.97% of the company’s shares, while institutions hold 42.46% stake in the company. Shares short for EDU as of 1726185600 were 5882301 with a Short Ratio of 2.75, compared to 1723680000 on 5395961. Therefore, it implies a Short% of Shares Outstanding of 5882301 and a Short% of Float of 4.099999700000001.

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