TAL Education Group (NYSE:TAL) currently has a daily average trading volume of 10.47M but it saw 7649331 shares traded on Thursday. With a market cap of 2.92B USD, stock’s current market price of $6.01 came rising about 2.04 while comparing to the previous closing price of $5.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.45 and as low as $2.11. In the recent trading on the day, stock has struck highest price mark of $6.02 while lowest mark touched by it was $5.75.
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Taking a look at 20-day trading activity of TAL Education Group (TAL) gives us an average price of $7.07, while its current price level is -42.49% below from 52-week high level whereas it is 184.83% 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 $7.43 while that of 200 days or SMA-200 reads an average of $5.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.37% during that period while stretching the period over a month that decreases to 6.51%. 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 36.80 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 10 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 4 analysts suggested the investors to Buy the stock while 2 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold 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 Citigroup which resumed the stock as “Sell” in its note to investors issued on December 30, 2022, recommending a price target of $2.90 for it. UBS upgraded its recommendation for the stock as a “Buy” from “Neutral” on November 03, 2022 while assigning a price target range of $4.94-$6.50. BofA Securities issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $4.30 and $4.70.
Over the week, TAL’s stock price is moving -9.49% down while it is -16.41% when we observe its performance for the past one month. Year-to-date it is -14.75% down and over the past year, the stock is showing an upside performance of 214.66%.
The latest quarterly earnings report issued by the company was for quarter ended 11/29/2022, when its quarterly earnings per share (EPS) of -$0.04 beaten by the consensus estimate of $0.02 for the same. For TAL, analysts are forecasting an EPS-growth rate of 96.60% for current year and estimate for EPS growth in next year is 460.00%. In next quarter, company is expected to be making quarterly sales of $246.45 million as analysts are expecting the sales for current fiscal year at $1 billion and seeing the company making $1.21 billion in sales next year. Moreover, analysts are in estimates of $247.83 million for current-quarter revenue.
Currently, TAL Education Group’s total number of outstanding shares is 634.86M with 0.00% of that held by the insiders while 55.84% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -31.90% and return on equity (ROE) at -5.20%. It has a 33.39 of forward P/E ratio. Stock’s beta reads -0.07. Stock has a price to book (P/B) ratio of 1.00 while price to sale or P/S ratio amounts to 2.26. Its return on asset (ROA) is -4.20% on average.
A filing at the U.S. Securities and Exchange Commission revealed that KraneShares CSI China Internet ET came shrinking its share ownership by -0.51% in the TAL Education Group (TAL) decreasing its stake to 3.34% with control over 85800.0 shares in the company. In the most recent quarter, Vanguard Emerging Markets Stock I came rising its stake by 0.83% in the company and now holds 6.13 million or 1.22% of the company’s stake having worth of about 43.07 million.
