TAL Education Group ADR (NYSE:TAL) does about 6.92M shares in volume on a normal day but saw 2291458 shares change hands in Monday trading. The company now has a market cap of 5.44B USD. Its current market price is $11.07, marking a decrease of -0.45% compared to the previous close of $11.12. The 52 week high reached by this stock is $15.52 whilst the lowest price level in 52 weeks is $5.09.
TAL Education Group ADR (TAL) has a 20-day trading average at $11.77 and the current price is -28.67% off the 52-week high compared with 117.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.55 and its 200-day simple moving average is $9.81. If we look at the stock’s price movements over the week, volatility stands at 2.99%, which increases to 3.78% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.31 to suggest the stock is neutral.
The consensus objective for the share price is $14.60, suggesting that the stock has a potential upside of 24.18% over the period.
JP Morgan also upgraded the stock to “Overweight” from Neutral on January 25, 2024 at a price target of $10-$15.
TAL Education Group ADR (TAL) stock is down -4.24% over the week and -9.48% over the past month. Its price is -12.35% year-to-date and 73.51% over the past year.
The stock last released its quarterly earnings report for quarter ended 11/29/2023, with the company’s earnings per share (EPS) of $0 below consensus estimates by -$0.02. TAL’s earnings per share are forecast to grow by 300.00% this year and 212.50% over next year. Expected sales for next quarter are $373.69 million, which analysts say will come at $1.43 billion for the current fiscal year and next year at $1.83 billion. In addition, estimates put the company’s current quarterly revenue at an average of $391.29 million.
To reach the target analysts have set, the stock logically needs to grow 24.18 percent from here.
Outstanding shares total 489.49M with insiders holding 0.00% of the shares and institutional holders owning 52.25% of the company’s common stock. The company has a return on investment of -1.87% and return on equity of -1.90%. The forward price to earnings ratio is 69.93. The beta has a value of 0.14. Price to book ratio is 1.50 and price to sales ratio is 4.09.
