RISE Education Cayman Ltd (NASDAQ:REDU) currently has a daily average trading volume of 135.50K but it saw 50116301 shares traded on Tuesday. With a market cap of 371.38M USD, the company’s enterprise value now stands nearly at $189.43M. Stock’s current market price of $7.45 came rising about 28.45 while comparing to the previous closing price of $5.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.97 and as low as $3.00. In the recent trading on the day, stock has struck highest price mark of $10.20 while lowest mark touched by it was $6.25.
Taking a look at 20-day trading activity of RISE Education Cayman Ltd (REDU) gives us an average price of $3.69, while its current price level is -16.95% below from 52-week high level whereas it is 148.33% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.64 while that of 200 days or SMA-200 reads an average of $5.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 30.92% during that period while stretching the period over a month that decreases to 9.77%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 92.98 which implies that the stock is in overbought territory.
RISE Education Cayman Ltd (REDU)’s stock is currently under the radar of 2 analysts who are in consensus at a 12-month price target range of between $4.30 and $6.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $4.30 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $6.00. Average price target assigned by them is $5.15 which highlights a downside potential of -44.66% for the stock over that period. And to attain the median price target of $5.15 assigned by those analysts, stock has to subtract about -44.66% of value to its current levels.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 2 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Credit Suisse which upgraded the stock as “Outperform” in its note to investors issued on May 18, 2020, recommending a price target of for it. Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on January 10, 2020 while assigning a price target of. Credit Suisse issued its recommendations for the stock as it downgraded the price target for the stock is.
Over the week, REDU’s stock price is moving 121.73% up while it is 117.84% when we observe its performance for the past one month. Year-to-date it is 6.58% up and over the past year, the stock is showing a downside performance of -7.22%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.13 beat the consensus estimate of -$0.27 for the same. The company is expected to be releasing its next quarterly report in 11/12/2020, for which analysts forecasted an EPS of $0.03 while estimate for next year EPS is -$0.21. For REDU, analysts are forecasting an EPS-growth rate of -139.60% for current year and estimate for EPS growth in next year is 309.50%.
Currently, RISE Education Cayman Ltd’s total number of outstanding shares is 56.38M with 6.88% of that held by the insiders while 75.35% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.70% and return on equity (ROE) at 1.50%. It has a price to earnings ratio (P/E ratio) of 620.83 while having a 18.58 of forward P/E ratio. Stock has a price to book (P/B) ratio of 5.78 while price to sale or P/S ratio amounts to 1.98. Its return on asset (ROA) is 0.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that CPR Invest – Education came shrinking its share ownership by 78.93% in the RISE Education Cayman Ltd (REDU) increasing its stake to 0.20% with control over 48525.0 shares in the company. In the most recent quarter, Abaris Conservative Equity – Glob came cutting its stake by 0.00% in the company and now holds 19000.0 or 0.03% of the company’s stake having worth of about 60705.0.