TCTM Kids IT Education Inc. ADR (NASDAQ:TCTM) does about 10.96K shares in volume on a normal day but saw 8732945 shares change hands in the recent trading day. The company now has a market cap of 13.09M USD. Its current market price is $1.40, marking an increase of 47.37% compared to the previous close of $0.95. The 52 week high reached by this stock is $2.99 whilst the lowest price level in 52 weeks is $0.74.
TCTM Kids IT Education Inc. ADR (TCTM) has a 20-day trading average at $0.9750 and the current price is -53.18% off the 52-week high compared with 89.19% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9709 and its 200-day simple moving average is $1.3902. If we look at the stock’s price movements over the week, volatility stands at 19.38%, which decreases to 11.82% 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 72.47 to suggest the stock is overbought.
The consensus objective for the share price is $8.01, suggesting that the stock has a potential upside of 82.52% over the period.
The current price level is 45.30%, 44.87%, and 0.78% away from its SMA20, SMA50, and SMA200 respectively, with the TCTM price moving below the 50-day SMA on current market day. TCTM Kids IT Education Inc. ADR (TCTM) stock is up 70.73% over the week and 16.67% over the past month. Its price is 33.33% year-to-date and -42.15% over the past year.
The stock last released its quarterly earnings report for quarter ended 3/31/2023, with the company’s earnings per share (EPS) of -0.65 above consensus estimates by 1.26. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $76.44M, which analysts say will come at $276.09M for the current fiscal year and next year at $325.76M. In addition, estimates put the company’s current quarterly revenue at an average of $71.96M.
To reach the target analysts have set, the stock logically needs to grow 82.52 percent from here.
The beta has a value of -0.15. Price to sales ratio is 0.04.
